Summary
Donald Trump announced new tariffs against China, Mexico, and Canada, sparking market turmoil as the measures were set to begin this weekend.
Following the announcement, major indices plunged, with the Dow Jones, NASDAQ, and S&P 500 suffering significant losses, reflecting investor anxiety across global markets.
Canada, Mexico, and China vowed retaliatory tariffs, with officials warning that these measures could escalate trade conflicts and significantly harm economic stability.
Critics argue the tariffs will harm consumers and businesses, creating global trade uncertainty and risking prolonged economic challenges in the United States.
I’m looking at both the dow and the nasdaq, and they look fine. Where is this “plummet” the article is referring to? Not that I think the tariffs are good, but let’s be truthful.
Not exactly what I would classify as a plummet, but we were seeing green numbers for the day and then they subsequently turned down once this was announced.
Still too early to say whether we’re going to be looking at any form of sharp downturn.
Right? -0.5% yesterday, -1.0% for the week. Totally normal and not deserving of any kind of adjective.
Certainly not saying Lady Trump’s actions won’t kill the stock market, but this ain’t it yet.
Starting just after 11 AM EST, the S&P went down over 1%. It’s not a steep plunge; that kind of swing happened on Monday for AI, too, IIRC.
Not sure what the article is talking about. I’m sure once tariffs are announced it will drop tho. But that’s a problem for monday.
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What do you mean? It did fall and the article links to each respective stock. As of writing this comment, DJI fell 337 points, NASDAQ fell 54, S&P 500 fell 30 points.
They are being truthful.
Going down less than one percent is the opposite of a ‘plummet.’ It is literally indistinguishable from a normal daily fluctuation.
Furthermore, the market has overall gone up since.
OK but they did fall rapidly, and one can only surmise it’s because of the announcement of more tariffs.
DJIA shorts are up 347% seems a lot of people are leaning towards a downside
Hold on now, that was a NASDAQ loss of nearly 0.75%. If the Americans do that 134 times in a row, all their money will be gone! How would they buy their eggs? /s
(1 - 0.0075)^134 ≈ 36.5%
If you’re going to “well, ACKchyuallllly” someone, it helps to have any idea what you’re talking about.
The DOW “plummeted” 337,47 points from 44.882,13 to 44.544,66, a reduction of ~0,75%. Given the drop wasn’t percentage based but was additionally expressed as a percentage of the previous closing price for context, it would require an additional ~132 similar drops to reach zero.
Now, you’re probably noticing I listed the DOW and ~132 drops here versus NASDAQ and 134 drops prior. That’s because I was making a joke and was not much concerned about details. This is because, unlike certain individuals, I am not one of the most insufferable types of people: the pedant.
Right. The S and P 500 went down 0.5% yesterday, it’s a pretty typical trading day and still up over the last five days, month, six months and the year.
Trumps a lunatic, but one thing he does understand is business.
This is mostly a branding thing, he’s not actually particularly good at running businesses.
I’ll give him that he’s somewhat of an expert in avoiding any form of accountability.
Mother fucker bankrupted a casino. He knows absolutely nothing about business.
Bankrupted three casinos: Trump’s Taj Mahal, Trump Marina, and Trump Plaza.
He seems to understand shell companies, tax avoidance, cheating your contractors, and strategic bankruptcy. He understands shilling for sponsors buying and selling favors, fleecing the rubes. I guess those are business strategies but there’s no evidence he understands ethical business.