Skip to comments.Dow futures point to a 300-point drop as stock market rout continues; tech shares fall in premarket
Posted on 10/11/2018 4:53:05 AM PDT by E. Pluribus Unum
U.S. stock index futures tanked ahead of Thursday's open, as the global market rout continued to thrash stocks.
Around 7 a.m. ET, Dow Jones Industrial Average futures sank 205 points, indicating a loss of about 300 points at the open. S&P 500 and Nasdaq 100 futures also pointed to sharp drops at the open.
Tech shares were also headed for a steep decline after posting their worst day in seven years in the previous session. Facebook and Apple were both down more than 1 percent in the premarket, while Amazon and Netflix dropped at least 2 percent each. Twitter and Alphabet also traded more than 1 percent lower.
Thursday's moves come a day after the Dow sank more than 800 points. Worries over fast-rising interest rates and a steep tech rout sent U.S. equities tumbling on Wednesday. International markets also fell on Thursday. Asia-Pacific stocks saw sharp declines by the region's market close, while European shares tumbled.
Rising U.S. Treasury yields have been keeping investors on their toes in previous sessions. The benchmark 10-year note yield recently hit its highest level in seven years while the two-year yield reached its highest mark since 2008 on Wednesday.
(Excerpt) Read more at cnbc.com ...
I see it as a chance to buy cheap.
The markets were weaponized against McCain as well, but McCain was far too limp and stupid to fight back.
It TIME to END the FED!!!!!!!
Trump is questioning the motives of the rate hike .
The federal is a Dem Party institution and Globalist playground.
Trump agrees and some I .
The Fed will kill people who try to shut them down.
c.f. John Fitzgerald Kennedy
The Creature from Jekyll Island is a menace.
For 8 years the Fed Sheltered a Muslim Socialist Globalist and did nothing .
Now , the Globalists attack
Trump and the US economy .
Its time to evicted the Federal reserve current inhabitants.
I just liquidated an IRA last Tuesday, from PNC Bank, moved it in $750,000 cash to Wells-Fargo, and my broker and I are waiting until things “re-value”; then we’ll make the buys.
Not if someone gets them first.
Smells like another Get Trump.
“I see it as a chance to buy cheap.”
That’s what people like Warren Buffet do, and are doing.
The democrats need a race war, need to continue the sex war, need to start a depression to win.
As I’m watching, the drop right now is only 27 points.
WS hours are 930 to 4
The inflation data was good .
Crossed fingers .
Amazon, Google, Twitter and Facebook are going to be seriously looked at for their leftist bias after the election. Money is fleeing them.
Investors know that Big Tech has taken sides with the Democrats and its not going to end well.
What good is hi-tech when you cant successfully use it to devestate your enemies judicial nomenee?
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