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Dow wipes out gains for the year with 600-point plunge
nypost ^
| 10/24/2018
| n/a
Posted on 10/24/2018 1:33:18 PM PDT by ChicagoConservative27
Stocks are closing sharply lower on Wall Street, led by a swoon in technology companies.
The S&P 500 and the Dow Jones Industrial Average erased their gains for the year.
High-flying companies like Netflix and Amazon took some of the biggest losses Wednesday. Netflix gave back 9.4 percent and Amazon dropped 5.9 percent.
Several companies sustained heavy drops after reporting disappointing results. Texas Instruments, a major chipmaker, slumped 8.2 percent and AT&T fell 8.1 percent.
The technology-heavy Nasdaq composite is now 12.3 percent below its August peak.
The S&P 500 index fell 84 points, or 3.1 percent, to 2,656.
(Excerpt) Read more at nypost.com ...
TOPICS: Business/Economy; Culture/Society; News/Current Events; Your Opinion/Questions
KEYWORDS: 600; dow; gains; plunge; stockmarket
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To: ChicagoConservative27
2
posted on
10/24/2018 1:35:13 PM PDT
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
To: ChicagoConservative27
It looks like I picked the wrong week to quit smoking.
3
posted on
10/24/2018 1:35:32 PM PDT
by
BipolarBob
(ALL THESE WORLDS ARE YOURS, EXCEPT EUROPA.ATTEMPT NO LANDING THERE.)
To: ChicagoConservative27
Is it safe to call this a “correction”?
4
posted on
10/24/2018 1:35:37 PM PDT
by
dfwgator
(Endut! Hoch Hech!)
To: ChicagoConservative27
5
posted on
10/24/2018 1:36:01 PM PDT
by
Blood of Tyrants
(Twitter is Trump's laser pointer and the DemocRats are all cats.)
To: dfwgator
A Soros induced pre-election correction.
6
posted on
10/24/2018 1:36:06 PM PDT
by
rdl6989
To: ChicagoConservative27
7
posted on
10/24/2018 1:36:06 PM PDT
by
dfwgator
(Endut! Hoch Hech!)
To: dfwgator
Just in time for the mid-terms. What a coincidence!
8
posted on
10/24/2018 1:36:27 PM PDT
by
jstolzen
To: ChicagoConservative27
Sounds like some good buying opportunities.
9
posted on
10/24/2018 1:36:45 PM PDT
by
dfwgator
(Endut! Hoch Hech!)
To: BipolarBob
Didnt Trump just trash the Fed Chairman ?
Deep State fighting back.
To: ChicagoConservative27
Question from a non-economics guy...
Could there be people manipulating the market to hurt the Republicans? I always felt that was done in 2008, but it just seems odd that the market has taken these big dips over the last month or so.
To: Blood of Tyrants
Crap indeed.
My best performing stock is now below a 52 week low.
To: jstolzen
Just in time for the mid-terms. What a coincidence! Predictable. But I also felt that part of the trade war was designed to tamp down the market back in the summer. Otherwise the plunge right now would have been much worse.
13
posted on
10/24/2018 1:38:34 PM PDT
by
palmer
(...if we do not have strong families and strong values, then we will be weak and we will not survive)
To: ChicagoConservative27
The rats got a two-fer with their little bomb games. I despise them ALZl. Every last one of them.
To: rdl6989; null and void; SkyPilot
[A Soros-induced pre-election correction.]
Yep - I’m waiting for “markets rattled due to attacks on Democrats” - should be coming along any second now
15
posted on
10/24/2018 1:39:33 PM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: ChicagoConservative27
Im just waiting for my deposit to clear and then Ill buy.
16
posted on
10/24/2018 1:39:34 PM PDT
by
Mercat
To: Responsibility2nd
It looks like I picked the wrong week to quit drinking.
17
posted on
10/24/2018 1:39:41 PM PDT
by
BipolarBob
(ALL THESE WORLDS ARE YOURS, EXCEPT EUROPA.ATTEMPT NO LANDING THERE.)
To: woweeitsme
Could there be people manipulating the market to hurt the Republicans? I always felt that was done in 2008, but it just seems odd that the market has taken these big dips over the last month or so.The market is too big for anyone to manipulate it.
To: palmer
Down 500 in 1 hour! Super suspicious.
19
posted on
10/24/2018 1:40:11 PM PDT
by
cowboyusa
(America Cowboy UP!)
To: ChicagoConservative27
@$$#013$ go sending fake bombs with the wrong postage to everyone, and look what happens.
One wonders what they shorted.
20
posted on
10/24/2018 1:40:49 PM PDT
by
OKSooner
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