At its lows of the day, the Dow fell as much as 719.86 points while the S&P 500 and Nasdaq traded down 2.8% and 3.6%, respectively, at their session lows. The indexes came off their lows in afternoon trading after President Donald Trump said he had not decided whether to slap tariffs on an additional $325 billion in Chinese goods.
Treasury Secretary Steven Mnuchin told CNBC the two countries are "still in negotiations."Trump also said the U.S. is in a "great position," in the negotiations, noting that "our economy has been very powerful; theirs has not been." "Volatility is going to persist. People don't know what to make of it," said JJ Kinahan, chief market strategist at TD Ameritrade. But "this is more of a re-evaluation of stocks than it is a pure panic. Bonds have rallied over the last couple of weeks, but if this was a panic you'd see people coming a lot more for bonds."
"The market was bracing for a really big event and last week we got it," said James Masserio, head of equity derivatives trading in the Americas at Societe Generale. He noted investors had been loading up on downside protection ahead of last week's move. After Monday's news, however, we could see volatility being bid up "even higher."
Sara isen’s political bias is a “turn off” and takes away from her credibility. She needs to leave her political bias out.
All paper losses I was all in apple no worries
trump and co will make a fortune because they make the rules. pick a stock to deplete and rake in the profits on the uptick.
mpgarza2012 Don't worry ...with the current CrimeFamily in the WhiteHouse I'm sure we will see the record broken again soon. 🤦♀️
terminalpreppy1
If my 401K hadn't tanked.. I would sell sell sell. These guys knew
Thank you realDonaldTrump , you are the worst president in US history, we have all worked too hard to lose our retirement money due to your stupidity!
So brutal. Wall Street gave up a tiny portion of its (2% interest rate fueled) ill gotten gain. wallstreet investing stocks StockMarket
operasingerBB Thank you President Trump!
Any theories on what Donald is thinking by crashing the economy the year before his re-election campaign? Is he that stupid? Does he have some reckless plan? There is a certain fringe of his base who hates him but stands by him bc of the economy.
Time for America to find couple of other countries to manufacture products in. We should remove 30% manufacturing jobs from China and give them to South America.
Brutal day? We're less than 5% off all time highs, and S&P was just over 2% today. Dont believe the hype.
mpgarza2012 realDonaldTrump Looks like you're (Vlad's) plan is on track to destroy the US economy (well, everything) so your dictators can take over. If they do, they'll eliminate you & yours immediately. That's what they do with puppets that are meaningless & no longer useful to them.
Didn’t notice, but bitcoin having a fantastic day and week and month and year!
It’s the China trade gitters. Has nothing to do with our economy.
I never feel Sorry for Millionaires
good👍
ClosingBell Brutal cause we have a president playing a game of chicken. There are other ways for the US to diversify manufacturing relationships and solve intellectual property issues. Chicken is a reckless game, usually leading to death of one or both.
TrumpsTradeWoesWorsening 😞😟😒🙄😑😠🥺😬😩😤
It will rebound,I lived through the drop in 80s.That would never happen now.I was terminated that day,I miss Wall St.
mpgarza2012 Now we're winning /s
mpgarza2012 TradeWarsAreEasyMyAss 🤦♂️🤦♂️
ClosingBell Just the beginning
DJNanaSickBeats It was a brutal day on Wall Street, with plenty of carnage to go around. The Dow closed more than 600 points down, and had shed more than 700 points at its lowest point during the day. The Nasdaq saw its worst day of 2019. On a brighter note, the MOEX was only down 0.24% MRGA
Meanwhile on Cryptostreet ...
EconomicTerrorist OrangeIgnoranus
Blood in the streets GotCrypto? Bitcoin 🌬🔥🔥🔥🚀🌕😎
good
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