Dow, S&P 500 drop amid new COVID-19 concerns

Breitbart ^ | 12/22/2020 | AP

[ChicagoConservative27]

Dec. 22 (UPI) — The Dow Jones Industrial Average and the S&P 500 slid on Tuesday amid growing COVID-19 concerns despite Congress finally passing a long-awaited relief package.

The Dow ended the day down 200.94 points, or 0.67%, and the S&P 500 dropped 0.21% as Tesla stock dropped 1.46% in its second day on the index, while the Nasdaq Composite gained 0.51% with Apple stock rising 2.85%.

[ChicagoConservative27]

I thought wall street loved Diapers Biden and printing money?

[Paladin2]

I thought that the Market looked out ~2 years.

[JennysCool]

The Left has sent the media its daily to-do list.

Every story today, whether a report on a world crisis or a local wedding announcement, must be accompanied by the line, “amid growing COVID-19 concerns.”

[billyboy15]

Most of this is year end tax selling along with portfolio re-balancing.

[SaveFerris]

They will crash if Biden gets in. When he restarts the Paris accords.

[billyboy15]

“I thought that the Market looked out ~2 years.”

More like 6-9 months.

[RooRoobird20]

I thought wall street loved Diapers Biden and printing money?

---

BWAAHHHHH HAH HAH HAH HAH HAH!!

Excellent points: Wall Street was supposed to be in love with Depends/Kneepads, and Occasional Cortex keeps saying “Just print more money!”

[Deo volente]

LOL at the headlines changing daily as the market goes up and down, which markets always do no matter what the latest ‘crisis’ is.

Some actual headlines from back in the Greece debt crisis:

Greek turmoil sends US and world markets lower

Market Snapshot: U.S. stocks surge on accord in Europe

Shares Tumble on Greece Fears

Stocks rise as eurozone fears ease

Stocks Hit Hard by Euro Zone Fears

Stocks rise as Greece nears debt solution

Stocks set to drop on eurozone fears

Stocks up in relief rally over eurozone debt deal

Dow Sheds 200 Points As Greek Collapse Looms

Wall Street jumps on euro zone relief

Stocks Plummet on Greece Fears

[ConservativeInPA]

Maybe, just maybe, its down because of the following:
1. The Fed has gone nuts and the dollar isn't worth crap compared to earlier in the year.
2. Congress is spending money like the Fed can print money magically out of thin air, which it does. Loop back to #1.
3. F'ing Marxist governors are shutting down the economy and destroying people's businesses and lives.

[Obadiah]

Wall Street may secretly waiting for the horizontal hostess.

[monkeyshine]

I thought it was telling that after nearly 6 months of wrangling about how much stimulus, the final number came in far lower than anyone wanted. What was it, $900 billion? After all that posturing for $3.5 trillion by Nancy and Chuck.

[entropy12]

Death matters!

[jdsteel]

Trends, as I see ‘em. Careful...I’ve been wrong before.

A lower dollar vs foreign currencies.
Higher inflation, though the stats won’t show it for a good while.
Near zero interest rates.
Deficit spending/printing new money out the wazoo.
A rising China until the critical mass hits...either invading neighboring countries or collapse.
Higher oil prices as they strangle fracking with regulations and “Green” crap.
Big companies do OK. Small businesses suffer. And big tech does well as long as they let themselves be integrated into the Democrat Party....even more than they are.

[Paladin2]

At least that’s longer than the next Quarter....

Or tomorrow

[entropy12]

Stocks are UP, not down this morning.

S&P 500 3,748.05 +21.19(+0.57%)

Dow 30 30,716.87 +325.27(+1.07%)

Nasdaq 12,802.71 -16.25(-0.13%)

Russell 2000 2,026.30 +47.19(+2.38%)