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Dow sinks 600 points after inflation reading hits 40-year high
CNBC ^
| 6/10/2022
| Jesse Pound
Posted on 06/10/2022 7:02:47 AM PDT by Tell It Right
Stocks dropped on Friday morning after a highly anticipated inflation report showed a faster-than-expected rise in prices.
The Dow Jones Industrial Average shed 614 points, or 1.9%. The S&P 500 fell 2%, while Nasdaq Composite sank 2.5%.
(Excerpt) Read more at cnbc.com ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: anwr; bidenflation; keystonexl; market; nyse; opec; stocks
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By my math the S&P 500 is down 18% from its ATH on Jan 4.
If you invested into the S&P 500 on the day Brandon cheat-entered the WH, you'd have a measly 3.6% return for the past 14+ months. That's not even close to keeping up with Bidenflation https://freerepublic.com/focus/f-news/4070027/posts.
To: Tell It Right
2
posted on
06/10/2022 7:06:17 AM PDT
by
dynachrome
(“We cannot save Ukraine by dooming the US economy.” Rand Paul)
3
posted on
06/10/2022 7:06:34 AM PDT
by
dsrtsage
( Complexity is just simple lacking imagination)
To: Tell It Right
Unexpected.
Eff Democrats and RINOs.
Shutter the vast a majority of government. Make the lazz ass government employees pay for this. They are the problem. They stand in the way of hard working Americans. Cut spending. Stop printing money.
4
posted on
06/10/2022 7:07:28 AM PDT
by
ConservativeInPA
(Scratch a leftist and you'll find a fascist )
To: Tell It Right
5
posted on
06/10/2022 7:07:54 AM PDT
by
Diana in Wisconsin
(I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
To: Tell It Right
and 700 points now. Do I hear 1000?
6
posted on
06/10/2022 7:08:13 AM PDT
by
dynachrome
(“We cannot save Ukraine by dooming the US economy.” Rand Paul)
To: Tell It Right
7
posted on
06/10/2022 7:09:11 AM PDT
by
Fzob
To: Tell It Right
8
posted on
06/10/2022 7:09:19 AM PDT
by
unixfox
(Abolish Slavery, Repeal the 16th Amendment)
To: Tell It Right
What a ride huh? I notice my old company stock is down to $429.69. Down $3.03. Those defense stocks huh? And I don’t have any anymore. Waaaaaaaa! 😥
9
posted on
06/10/2022 7:09:48 AM PDT
by
rktman
(Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
To: Tell It Right
The stock market actually did pretty good the last year Jimbo Carter was in office (1980). You can look it up.
10
posted on
06/10/2022 7:12:28 AM PDT
by
Vigilanteman
(The politicized state destroys aspects of civil society, human kindness and private charity.)
To: Tell It Right
But thank goodness they are laser focused on Jan. 6, 2021.
11
posted on
06/10/2022 7:12:29 AM PDT
by
Codeflier
(I am just going to assume you are a Democrat if you call me a Putin supporter and ignore you.)
To: dsrtsage
September / October should be real fun. /shiny side out
12
posted on
06/10/2022 7:13:04 AM PDT
by
SaveFerris
(The Lord, The Christ and The Messiah: Jesus Christ of Nazareth - http://www.BiblicalJesusChrist.Com/)
To: Tell It Right
The market is gonna suck big time this summer.
1:99 adv/decl ratio SP100
To: Tell It Right
By my math the S&P 500 is down 18% from its ATH on Jan 4. That is not good. Anyone with money invested needs a mental evaluation if they plan on voting Dem in November.
14
posted on
06/10/2022 7:14:49 AM PDT
by
1Old Pro
To: SaveFerris
“faster-than-expected”
These shills are so predictable....
15
posted on
06/10/2022 7:15:01 AM PDT
by
Preachin'
(I stand with many voters who will never vote for a pro abortion candidate.)
To: Tell It Right
How many FReepers listened to me when I suggested SELLING YOUR IRA STOCKS AND BONDS AND PARKING THEM TO CASH.
As far as doing it NOW? Not sure, might be TOO LATE but consider STOPPING THE BLEEDING!
16
posted on
06/10/2022 7:22:18 AM PDT
by
CivilWarBrewing
(Get off my back for my usage of CAPS, especially you snowflake males! MAN UP!)
To: dynachrome
DOW down 800 points now.
Live look at the DOW:
17
posted on
06/10/2022 7:24:32 AM PDT
by
Tell It Right
(1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: Preachin'
(a faster-than-expected rise in prices)
Unexpected!! 📉📉📉📉📉📉📉📉📉
18
posted on
06/10/2022 7:24:32 AM PDT
by
SaveFerris
(The Lord, The Christ and The Messiah: Jesus Christ of Nazareth - http://www.BiblicalJesusChrist.Com/)
To: Tell It Right
Distract us from THIS, Joe!
This will be nothing like the spiral that brought the United States to its knees in 1930, but the outcome will be little different. The Republicans were shamed and decimated in the Congressional elections in 1930, and FDR was swept into office over Herbert Hoover in 1932.
19
posted on
06/10/2022 7:24:55 AM PDT
by
alloysteel
(There are folks running the government who shouldn't be allowed to play with matches - Will Rogers)
To: Vigilanteman
1979 also saw the largest manufacturing employment figure in U.S. history.
It's amazing how disconnected individual statistics can be from overall economic trends.
20
posted on
06/10/2022 7:27:47 AM PDT
by
Alberta's Child
("It's midnight in Manhattan. This is no time to get cute; it's a mad dog's promenade.")
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