U.S. stocks tumbled Thursday as a wave of selling spread beyond the technology sector, taking down swaths of the market.
The Dow Jones Industrial Average dropped 553 points, or 1.7%, after closing Wednesday at an all-time high. The S&P 500 shed 2.3%, and the Nasdaq Composite lost 3.1%. Stocks’ momentum has faltered the past week as investors have faced a sharp and swift rise in bond yields. Money managers have broadly attributed the shift to bets on the economy picking up, something that should be a boon to corporate profits. But the swiftness with which yields have moved has also had another effect: ItInvestors rushed out of some of the hottest stocks of the year, sending shares of companies like Apple, Alphabet and Netflix down more than 2% apiece.
While relatively cheap corners of the market appeared to hold up well at first, with bank stocks and energy producers initially higher for the day, those gains dwindled in afternoon trading.
Biden and Trump contrast - attention to the stock market. Be careful with your investment in the next 2 years.
In my opinion, yesterday's GME and AMC stocks were pumped an hour before the market closed leading to today by insider's to help support the recent testimony of the Vlad/Robinhood and friends that they are well capitalized to support their platform...
Buy buy buy good chances
President Trump is right all along, Democrats are such failures and losers.
Ladies and gentlemen, lets get ready for INFLAAAAAAAAAAAAAAATION! At this point policy is like a child in a shopping cart spinning a plastic steering wheel. Hope everyone is enjoying the ride because we are going where we are going.
Only in Puerto Vallarta, Jalisco, Mexico could Alcoholics Anonymous English language groups meet in Dantes Inferno.
just another perfect example why INVESTORS SHOULD NOT TRY TO TIME THE MARKET...just ask Warren Buffett or Charlie Munger about it.
2000 and 2008 combined crash coming. Central banks created the biggest bubble in history of mankind.
Oh gee what is going on man? why is everything what's going on? Don't look so dumbfounded guys this is all your f****** fault yours and your big Rich f****** friends scared a little people tactic good job
Good. May all you wallstreet clowns live long healthy lives on minimum wage.
Cause the GOP is strangling the American people with the same noose the insurrectionists left after failing to get VP Pence