Dow sinks 700 points as trade truce enthusiasm fades

[George II]

Source: CNN

New York (CNN Business)That was fast. Wall Street's enthusiasm for the US-China trade truce has completely vanished.

The Dow dropped more than 700 points, or 2.6%, on Tuesday. The S&P 500 declined 2.7%, while the Nasdaq tumbled 3%.

Big tech stocks fell sharply. Apple (AAPL), Amazon (AMZN) and Alphabet (GOOGL) lost more than 3% apiece.

The selloff wipes out Monday's 288-point jump on the Dow. That rally had been fueled by relief over the ceasefire between the United States and China on the trade front.

Read more: https://www.cnn.com/2018/12/04/investing/stock-market-today-dow-jones/index.html

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It's now down 790 points (fluctuating however) - could be the biggest drop in history.

Thanks dotard.

[bearsfootball516]

1. The spread between the 3-year treasury yields and 5 year also inverted on Monday.

For the first time since 2007. A lot of financial analysts see it as a harbinger of an upcoming recession.

[ZeroSomeBrains]

3. Downward sloping yield curve

That's a huge indicator of a recession. That and the fact the market has never been over 25k before means this puppy is headed for a crash.

[redstatebluegirl]

2. The masses forget that most of them don't have any money in the market.

We do because of our retirement with the University, so gee, there it goes again. The market is a long term investment. Is it an indicator of a problem with the economy, yes, but the majority of people hurt by the market slide are the rich.

[Cold War Spook]

9. US Census Bureau

1/3 of Americans have a 401K and another 20 million have an IRA. One way or another almost half of Americans own stocks.

[noneof_theabove]

13. Where have you been hiding...

They "markets" are driven by the milli-second by computers.
People are there to pat themselves on the back [like the old days].
Been that way since somewhere in the 80's - 90's.

Welcome to the UCCA [United Corporation and Churches of America]
Where the real product is the stock and
They true customer is the stockholder.
In god we trust, all others pay foreign loan shark interest.

So much for that "long term" nonsense.

[beachbum bob]

4. Trumps lies are 100% behind today's market actions

[turbinetree]

5. Whats really going to be classic.................is the IRS filings next year for all of us

that didn't get the Paul "ayn rand" Ryan and Mitch (yes he is a turtle asshole) McConnell tax break.......................I am really not in the mood to bail out banks, hedge funds and corporation....................this economy is going to crash....................the bigly scam is coming home to roost.......................


November 3, 2020 cannot get here fast enough..........................

[PSPS]

6. LOL. The old 'pump 'n dump.'

[riversedge]

7. Another #DontheCON business deal FLOP

[workinclasszero]

15. Trump is running the country like he ran his crooked businesses

Right into the ground

[djacq]

8. How many bankruptcies?

Like we didn’t see this coming.

Standby for another GOP engineered Recession.

[workinclasszero]

16. Recessions are what the GOP do

Every damn time.

[Dave Starsky]

17. Recession, bailout, recession, bailout...

I'm starting to think this is a planned pattern.

[workinclasszero]

18. You got it

And I’m sure it is planned although the Orange Anus might take the 1%ers to places they didn’t want to go.

[TeamPooka]

10. oops

[StarryNite]

11. The Down Jones

There are a whole lot of people who supported tRump regardless of what he did because they felt they could make a killing with the stock market as long as he was president.

[TeamPooka]

12. Trump speaks, Wall Street jumps 288 points. Wall St finds out Trump lied and drops 700 points

Maybe Wall Street should ignore what the idiot says like the rest of us?

[George II]

14. Closing price down 799.36 points (but it'll fluctuate a little more as computers catch up)

[TomCADem]

19. Bernie Sanders or Donald Trump - Who Would Hit China With More Tariffs?

Who would be tougher on China? This is what causes me to scratch my head on the trade issue. We rightfully slam Trump for backing out of trade agreements and imposing tariffs on trade partners, but doesn't Bernie Sanders often advocate the exact same thing? Indeed, it often looks like Trump's trade policies consists of trying to steal Bernie's populist trade attacks.

[dembotoz]

20. per ny times banner...not a fun day today either

S&P 500
-3.24%
Dow
-3.10%
Nasdaq
-3.80%


unless closed for the bush thing..... i dunno

[George II]

21. I think those were yesterday's numbers, the stock market was closed today. Buckle up for tomorrow!