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Dow sinks more than 900 points

serfserf Member Posts: 9,217 ✭✭✭✭
in Politics
And if The Democrats get their way,it's going to drop more that that! But I doubt Trump will give anymore tax cuts to the rich the next four years if elected again.
            serf
  

U.S. stocks fell sharply on Wednesday amid concerns over the latest increase in coronavirus infections and its potential impact on the global economy.

The Dow Jones Industrial Average dropped 943.24 points, or 3.4%, to 26,519.95, posting its fourth straight negative session. The S&P 500 slid 3.5%, or 119.65 points, to 3,271.03, while the Nasdaq Composite fell 3.7%, or 426.48 points, to 11,004.87. The Dow and the S&P 500 both suffered their worst day since June 11.



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Comments

  • BobJudyBobJudy Member Posts: 6,630 ✭✭✭✭
    Sure has bounced around a lot this year. It will be interesting to see what it does next Wednesday or whenever it is that we know the election results, maybe by Christmas. Bob
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  • serfserf Member Posts: 9,217 ✭✭✭✭
    us55840 said:
    "U.S. stocks fell sharply on Wednesday amid concerns over the latest increase in coronavirus infections and its potential impact on the global economy."
    Above is only a small part of the reason.  
    The REAL reason is many investors are scared chitless Biden might win the election and totally ruin everything by driving business into bankruptcy with stupid regulations, climate change crap, super high taxes and drive the USA into a depression like the world could have never imagined in their worst nightmare.
        That's why you call it a bottle neck with fiat digital monetary socialism with The United Nations! One thing left out however is a war in The Middle-East with India,Russia,Israel,China,Iran and Turkey and of Course The USA. With five of them with nuclear power technology no less.
                                                                  serf

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  • WearyTravelerWearyTraveler Member Posts: 2,018 ✭✭✭
    True - the market has bounced like crazy.  And I agree, many investors are skittish and worry about a Democrat victory screwing things up.  I’m buying a little Google and Amazon every dip.  Regardless of what Biden does if he wins, I’m confident that big tech will benefit greatly.  Other sectors will suffer but I am confident that big tech will prevail.
    ”People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf."
    - GEORGE ORWELL -
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  • victorj19victorj19 Member Posts: 3,642 ✭✭✭
    Kinda surprised gold and silver haven't moved much if at all.
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  • serfserf Member Posts: 9,217 ✭✭✭✭
    victorj19 said:
    Kinda surprised gold and silver haven't moved much if at all.
      Wait for free money legislation to pass in Congress after the election. B)  If Biden wins it will be a double effect.
                                   serf

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  • mjrfd99mjrfd99 Member Posts: 4,553 ✭✭✭
    Here's where Wall St lives and look what they're doing.  
    https://www.foxnews.com/us/new-york-city-luxury-buildings-armed-guards-election-day-unrest
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