Dow drops 2,200 points Friday, S&P 500 loses 10% in 2 days as Trump’s tariff rout deepens: Live updates


Olde Hornet

Olde Hornet

Well-Known Member
DONT JUMP!
Tv Land Reaction GIF by #Impastor



The stock market was pounded for a second day Friday after China retaliated with new tariffs on U.S. goods, sparking fears President Donald Trump has ignited a global trade war that will lead to a recession.

Here’s a tally of the stock market damage:

  • The Dow Jones Industrial Average
  • dropped 2,231.07 points, or 5.5%, to 38,314.86 on Friday, the biggest decline since June 2020 during the Covid-19 pandemic. This follows a 1,679-point decline on Thursday and marks the first time ever that it has shed more than 1,500 points on back-to-back days.
  • The S&P 500
  • nosedived 5.97% to 5,074.08, the biggest decline since March 2020. The benchmark shed 4.84% on Thursday and is now off more than 17% off its recent high.
  • The Nasdaq Composite
  • , home to many tech companies that sell to China and manufacture there as well, dropped 5.8%, to 15,587.79. This follows a nearly 6% drop on Thursday and takes the index down by 22% from its December record, a bear market in Wall Street terminology.
  • The selling was broad with only 14 members of the S&P 500 higher on the day. Major market indexes closed at their lows of the session.
 
Olde Hornet said:
DONT JUMP!
Tv Land Reaction GIF by #Impastor



The stock market was pounded for a second day Friday after China retaliated with new tariffs on U.S. goods, sparking fears President Donald Trump has ignited a global trade war that will lead to a recession.

Here’s a tally of the stock market damage:

  • The Dow Jones Industrial Average
  • dropped 2,231.07 points, or 5.5%, to 38,314.86 on Friday, the biggest decline since June 2020 during the Covid-19 pandemic. This follows a 1,679-point decline on Thursday and marks the first time ever that it has shed more than 1,500 points on back-to-back days.
  • The S&P 500
  • nosedived 5.97% to 5,074.08, the biggest decline since March 2020. The benchmark shed 4.84% on Thursday and is now off more than 17% off its recent high.
  • The Nasdaq Composite
  • , home to many tech companies that sell to China and manufacture there as well, dropped 5.8%, to 15,587.79. This follows a nearly 6% drop on Thursday and takes the index down by 22% from its December record, a bear market in Wall Street terminology.
  • The selling was broad with only 14 members of the S&P 500 higher on the day. Major market indexes closed at their lows of the session.
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Everybody will be hit one way or another. Now that his policies will hit GOP legislators in their pockets we're about to find out if that matters to them or will cowardice remain their posture. I'm not holding my breath.
 



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