Stocks had their worst week since March, when the market tumbled under the first wave of coronavirus infections and lockdowns -- and one of their worst weeks of the year as a whole. All three major indexes also recorded the second straight month of losses.The Dow fell 6.5% on the week while the S&P 500 , the broadest measure of Wall Street, dropped 5.6%. Though we're not back in lockdown mode yet, some European countries have tightened restrictions again to combat a second wave.
For example, the University of Michigan's consumer sentiment survey for October came in just above expectations on Friday.Personal spending rose in September, even as incomes dropped. This is a sign that Americans are dipping into their savings to spend, said economists at Citi. Savings rates went through the roof earlier this year as people stayed at home.
What to do if Biden wins? PREPARE FOR DISASTER, Stock market crash, High Unemployment, higher taxes, Social Unrest, High inflation More business bankruptcies Loss of Innovation Higher poverty Higher healthcare costs possible recessions ... and more 😟😳
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Trump's 'economy.' It's collapsing, but there's still a way to spin it as 'great.'
Buy at the dip
Breaking News: Biden was challenged by voters in Florida. Biden responded speechless. 'That is a lie, Joe. That is your son and Ukraine!'
Good! Time to buy for when it rebounds next week
Just a sample of biased news.
..and the possibility of a Biden presidency added to the sentiment...
I ✝️pray to God that Trump is the most suitable presidential candidate. My relatives and friends elected Trump as the President of the United States! May God save America. I gave all my wishes and wishes to God, and asked the Lord Jesus to have mercy on my wishes!🙏Amen
Ooooohohh Im sooooooo scarrrrrrred. I better vote Biden. Today's Democratic Party is the party of Censorship, Corruption, False Accusations, Fake Investigations, Intimidation, Cancel-Culture, Cheating, and Propaganda. — Americans Don't like Cheaters —
still overvalued
Never mind the 33.3% GDP. Don’t report that. Might help Trump.
MAGA WORKED incomes house values mfg employment UP
Oh Donnie! True numbers trumps your false economy claims. Unfortunate timing. To bad, so sad.
Sleepy joe in the debate when asked why he hadn’t done a thing in 47 years and while VP said “ because I was the VP and congress was controlled by the Rebublicans”. Trump was being IMPEACHED when he was doing everything for us
Nope, it's not due to COVID. It's due to the election season!
More winning!
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They are tumbling on the prospects that Biden could be president.
The writing is on the wall.
Shocked the numbers didn't go as low as pre 2016 so I'm not worried at all. My 401K would have loved todays 26M 'low' during both previous administrations. Carry on......
But realDonaldTrump says we can measure the economy by how the market performs-and he says the economy is “the best!” it’s ever been!?!
CNN loves reporting on negative information.
Stocks always tumbles before and after a election
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Trump’s Market!
Bang-up job realDonaldTrump Hope you’re proud of this one. VoteHimOut
MAGA2020LandslideVictory
Best economy growth EVER!!! Trump2020 FakeAssNews
Best. Economy. Ever.
What about the record GDP growth? 33.1%!!!! Stocks go up and down and will recover very quickly as they have always done under this president. I understand CNN's M.O., objectivity and fairness are not your strong points. Anything to bring the man down. Enemy of the people!
Great news
Make America great again
when Trump is President he’ll fix the economy and the stock market. Just round the corner. It’ll be a miracle.
Unsolicited Advice: Buy Low and Relax.
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