New York US stocks ended sharply lower on Monday, with the Dow posting its worst point drop in history and falling to its lowest level in nearly three years. Worries mounted that central banks' emergency measures over the weekend meant the economy is in much worse shape than previously believed.
Instead of soothing the markets, another emergency interest rate cut from the Federal Reserve had the opposite effect.Stocks tripped a circuit breaker at the New York open, with the S&P 500 falling more than 7%. Trading was halted for 15 minutes.The market remained in the red all day and sold off further in the last hour of trading, as President Donald Trump said the coronavirus outbreak could last until July or August.The S&P 500 closed down nearly 12%, while the Dow fell 12.
So now you care about the markets. FakeNewsMedia
This President doesn’t understand why the market is falling. Therefore, he can’t fix it! Pouring money in won’t make people well and start corporations working again around the world. Not taking immediate, strategic action toward the virus has killed the market. Lies don’t help.
Here to see the morons blame Trump....
The kinda news cnn loves Hope you carry the same energy when it blossom
There goes my 401k. (10k hit since this COVID 19 situation took off) Absolutely insane.
Or was that the point. Casual investors panic sell and the wealthy buy low and ride the wave... and the rich get richer... just like everything else Trump does.
Are we still giving credit to Obama for the success of the stock market, and blame to Trump when it drops?
And I'm sure CNN is happy about that
Trump wanted it lowered and look at what happens 🤔
Trump talking of airline financial relief........ are you kidding me!?!?! Look what airlines CEO’s bonuses were for this year..... wake up!
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