The Dow Jones Industrial Average dropped more than 700 points and limped home to a weekly loss as daily coronavirus infections increased rapidly, fanning worries about a slowdown in the economy’s reopening.
The S&P 500 fell 2.4% as of the 4 p.m. ET close of trading. The Dow lost 730 points, or 2.8%. The Nasdaq Composite fell 2.6%.The WSJ Dollar Index rallied on Wednesday, while faith in the V-shaped recovery took a hit. WSJ’s Paul Vigna breaks down this week’s winners and losers. Photo: Bing Guan/Bloomberg News
Apologists for the current state of US capitalism are fortunate the pandemic arrived when it did & persists for as long as it has. It has diverted attention away from weakening fundamentals in an economy that was visibly shrinking before it struck. It was a spindoctored economy.
The USA is in the poop bin and is only sinking deeper!
🤭
If only media and leadership would work together instead of all this bs....we have testing BOOM positive cases go up - WOW who’d a thunk it?...mortality rates are waaaaaay dooooon.....that’s really good news and should be front page....why are folks working to kill America?
More liberal scare tactics
How many Patriot Acts were there under the guise of a new exaggerated threat of terrorism This kind of market manipulation was coined and templated by Morgan over a hundred years ago
Mark and manipulation is so easy to do in plain sight when there's a pandemic going on Supposedly If you thought the media inflated the reality on the ground about the Y2K bug Surely a little bit of skepticism is called for about all this hoopla
Maybe another reason Trump canceled his golfing trip🤔 another tantrum or meltdown.
buy low. sell high.
Yes
Wall Street has no idea what's about to happen!
This is because of a few companies controling 24% of the index... that much consolodation of influence is not usually healthy for an economy.
winning
So should I sell my Hertz and GNC calls?
“Worries about an economic slowdown”? We’re in an economic slowdown... also known as a recession
Good day to buy stonks
Hey why don’t you report that CDC says infections are 10x reported or 25M. So death rate is .5%, similar to pre-vaccine influenza. Stop the panic. factsoverfear FactsNotFear
The claim of 'greatest country on earth' is a joke.
Stevestrooop
This is not good
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