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Home Main Forums Latest Breaking News Stock Market dropped about 700 points today.

  • HIP56948 (4465 posts)
    Donor

    Stock Market dropped about 700 points today.

    No link. I’m sure the goings-on will be all over the place.

    glinda, Enthusiast like this
    There are 2 types of people in this world. Those who can extrapolate from incomplete data.

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11 replies
  • N2Doc (8707 posts)
    Donor

    1. link

    https://www.cnn.com/2018/10/10/investing/stock-market-today-techs-falling/index.html

    New York (CNN Business)Stocks are in the midst of a scary October slump, sliding sharply again on Wednesday because investors are worried about rising interest rates.

    The Dow fell 800 points and dipped below 26,000 for the first time in a month. All 30 Dow stocks were in the red. The Dow was on track to have its third-worst point drop ever. The Dow fell by more than 1,000 points twice this year — their biggest ever — because of inflation fears.

    The S&P 500 posted its fifth straight decline. And tech stocks were getting hit particularly hard. The Nasdaq dropped 3.5%.

    "But nothing ever changes unless there's some pain" - Tears For Fears "Goodnight Song"
  • RealityCheck (1920 posts)

    2. is it the Haley effect?

  • Ohio Barbarian (11777 posts)
    Moderator

    3. Cool, but I'd rather see it drop by 7000 in one day.

    No man ought to stay poor so another man can get rich. --Newton Knight
    • Enthusiast (15609 posts)
      Donor

      4. If that happened I'm sure it would be Obama's fault.

      "I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country." Thomas Jefferson
      • Ohio Barbarian (11777 posts)
        Moderator

        5. For the Republicans, sure. The Democrats would probably blame the Russians.

        No man ought to stay poor so another man can get rich. --Newton Knight
    • ozoneman (732 posts)
      Donor

      9. Not in one day.

      Give it time. The market is turning.

  • Robbins (621 posts)

    6. but

    i thought because of trump the economy wa sin best hsape ever lol

  • Deadpool (16986 posts)
    Son of Village Idiot

    7. It was more than 800…

    https://abcnews.go.com/Business/dow-jones-closes-800-points/story?id=58416402&cid

    The Dow Jones Industrial Average fell 831.83 points on Wednesday to close at 25,598.74, losing 3.2 percent of its value in its sharpest drop since February.

     

    • Koko (6115 posts)
      Donor

      8. Some in Financial News say its a correction

      from over investment in Tech and High Flyers and a move back to Value Stocks that pay dividends and Bonds which are paying a higher rate.

      Cautionary.

       

    • HIP56948 (4465 posts)
      Donor

      10. Actually, I was hoping it would be less than the 700 I quoted. One of my fellow

      …astronomers has a son the works (of course) at Wall Street.  Son called him and he called me even before the market closed. Son said it was ’bout 700 and might go either way.  :)  :hi:

      There are 2 types of people in this world. Those who can extrapolate from incomplete data.
    • Major Hogwash (4849 posts)
      Donor

      11. Bezos lost some pocket change over it.

      According to one report, $9.1 BILLION dollars.

      Oh, well, easy come, easy go.

      Trump moya marionetka ~ Putin