Market was down less than 1% today. The 600 means way less with a Dow 44k than it did when the Dow was 20k. Also the Dow is only 30 stocks; the S&P is a more representative index for breadth. The only people that should be concerned with short term moves are traders. Everyone else would do themselves a huge service by expanding their outlook/timeframe.
Stocks drop after Trump announces tariffs on countries including Japan and South Korea The Dow closed lower by 422 points, or 0.94%. The S&P 500 fell 0.79% and the tech-heavy Nasdaq Composite fell 0.92%. The three major indexes posted their worst day in about three weeks. Stocks dropped lower midday after Trump announced 25% tariffs on Japan and South Korea, set to go into effect August 1. Stocks continued to fall in the afternoon as Trump announced tariffs of varying rates from 25% to 40% on countries including Myanmar, Malaysia, Kazakhstan, Laos and South Africa. https://www.cnn.com/2025/07/07/investing/us-stock-market
Math jokes: Seems about right. A bunch of random variance added to the previous tariffs based on that hilarious formula.
Market has also run for the last 5-6 weeks to all time highs. Need breathers like today. Earnings season starts early August which will tell more about the direction of this market than tariff talk.
Closes above 45K (45,010). If the Fed cuts rates, we could be looking at 48-50K by the end of the year.
It's above where Biden left it. You need to go to work for CNN the way you like to twist things to appear what they are not.
show me where I said anything about “when Biden left office”…. You are just making stuff up. Just take your L on this, facts are facts.
Even by woke, hatemongering leaftwing standards, that's some ridiculous spin. The autopen had 9% inflation, an open border with 10's of millions of illegal immigrants, runaway violent crime and an enormous inefficient government. Autopen also had a Dow under 42K the day before the election and it was under 43.5K his last business day as president.
9% inflation was the worldwide average, with many countries experiencing double digits. We're one of the few countries that didn't follow COVID recovery with a recession. Tens of millions of illegal immigrants? Prove it. The undocumented population estimate is at around 11 million. And crime? Violent crime dropped to record lows under Biden. Next time, try fact checking before making false claims, please.
Diamond Joe was up 16% at this point in his term. Trump ... 0%. Those are harsh facts you'll have to face. If you think Joe was bad, then you must think Trump is smoldering piece of shit by comparison...
