Posted on 04/03/2025 1:34:31 PM PDT by Sir_Humphrey
Stocks plummeted Thursday, sending the S&P 500 back into correction territory for its biggest one-day loss since 2020, after President Donald Trump unveiled sweeping tariffs, raising the risk of a global trade war that plunges the economy into a recession.
The broad market index dropped 4.84% and settled at 5,396.52, posting its worst day since June 2020. The Dow Jones Industrial Average tumbled 1,679.39 points, or 3.98%, to close at 40,545.93 and mark its worst session since June 2020. The Nasdaq Composite plummeted 5.97% and ended at 16,550.61, registering its biggest decline since March 2020. The slide across equities was broad, with more than 400 of the S&P 500′s constituents posting losses.
Thursday’s moves sent the S&P 500 to its lowest level since before Trump’s election win in November.
(Excerpt) Read more at cnbc.com ...
Man, talk about an over-correction. I wish I had some idle cash right now.
Funny coming from a network that is 75% infomercial and Jim Cramer.
Yeah. And we just got out from under a stolen White House with the most destructive administration known in our history. We’re at nearly $40 trillion in debt
As a surgical nurse, I’m thinking at least 3 months after surgery which we haven’t my even seen yet. We’re still at the consult stage, anti biotics, discover the true pathogens
Ya the Dow is going to fall. Dramatically.
So the market didn’t tank 1600 today?
It’s actually a well needed, healthy pullback but I suspect few will understand or care to see that.
CNBC wet themselves reporting this.
Sounds like a buying opportunity. The market goes up and down. It will go back up again, higher than ever, just like it always does.
Just a bunch of stupid NERVOUS NELLIES!
I’m commenting on their editorializing.
My only question is whether it’s retail or institutions that are selling. If it’s retail, that would signal the end of the pseudo-bear market; the little guy always has the worst timing. If it’s institutions, they’re purposefully tanking the market to make Trump look bad and bring back the old-fashioned corruption/fraud/abuse.
Proving once again that the stock market is nothing but an international gambling casino.
Yes, time to buy...or wait a couple of days and then buy.
I bought everything I wanted within an hour of open last at 10% discount this morning to last months prices, and am already up a bit. Best time to make huge money gains for a couple days of downside risk, is buying when grandmas are selling their ETFs, CNBC is talking blood in the streets and every smart guy is saying “risk off”.
We are sure every liberal state manager of money took their gains this month, they have mandate to put it somewhere tomorrow.
Yup. Detox from bogus economic policies.
When a patient asks me is this going to hurt- healing treatments- I say yes. This is going to hurt
Yep. I suppose the panickers are piling into something like gold right now, only to see it plunge once the stock market panic stops. Money has to go somewhere, but there aren’t many good alternatives other than places to just park it while things settle down.
Stocks were overinflated anyways
Bring manufacturing back to the US, and the market with correct itself.
Except that most people have their 401K and/or IRA money invested in.
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