Dow sinks more than 700 points. Stocks are on track for their worst quarter since 2023

[riversedge]

Source: msn via cnn




Story by John Towfighi, CNN • 43m



US stocks plunged Friday and a broad selloff gripped Wall Street as investors digested slightly stubborn inflation data and weakening consumer sentiment while wrestling with continued tariff anxiety.

The Dow tumbled 715 points, or 1.7%. The broader S&P 500 fell 1.9% and the Nasdaq Composite slid 2.6%.


All three major indexes were on track to close the week in the red. The S&P 500 is down 5% since this year and on track for its first losing quarter since September 2023.

US stocks opened the day lower and began to slide as data from the Commerce Department showed inflation in February remained slightly sticky................

Read more: https://www.msn.com/en-us/money/markets/dow-sinks-more-than-700-points-stocks-are-on-track-for-their-worst-quarter-since-2023/ar-AA1BQCRd?ocid=winp1taskbar&cvid=743b0adf0dd246509d298b6903d752b9&ei=31

[Demovictory9]

1. Trump often does stuff that tank the markets on fridays

[riversedge]

2. uumm. I have never kept track of Trump and his yapping that much.

[Demovictory9]

4. Its talked about in investing forums..people trade stocks based on the pattern

[redstatebluegirl]

3. He and his minions must be makjng money manipulating the market.

Everything is transactional. All the while my retirement account is down at least 25%.

[PatSeg]

15. Probably

Someone(s) somewhere is making a lot of money off of this presidency, but it's not ordinary people.

[RazorbackExpat]

16. It's probably the same people who made $$$

from trump and melania meme coins before they crashed

[PatSeg]

18. The world is full of such people

I'll never understand that mentality.

[King_Klonopin]

20. That is certainly plausible...

Does Trump still hold investments in equities?
He got away with refusing to have his assets put in a blind trust the last time he stole office.
Does he have a blind trust now? If not, are the records of his holdings and transactions available for the public?

I think Trump, Musk, Bezos, et al have been shorting the market slowly since the day Trump won the election.

This is a true benefit of being POTUS and imposing tariffs -- he knows they will tank stock prices and thus provide opportunities
for the corrupt illuminati who have foreknowledge of when to get out and when to get back in. Plus he gets to be petty and spiteful to foreign countries.

He can't be so stupid as to not realize the negative impact of tariffs, although he may be that stubborn in refusing to forgo
this stupid policy.

Everything he does wreaks of corruption and criminality. What makes Johnny run? MONEY!

My IRAs have lost $60,000 since he took office on 1/20/25 and I am due to retire in 12 months.
I think I am going to pull the plug on stocks next week, no matter what happens in the market.
I can't trust these weasels with my money or my future.

[Pinback]

5. Heckuva job, Donnie!

With this crew, you have to assume everything they do is basically incompetence guided by evil intent, and -- in the case of idiotic pursuits like Greenland and tariffs -- the Mump* regime's all-out pursuit of El Donaldo's every petty whim and random-utterance-as-policy-position. I suppose the ultimate result could be a complete wrecking of the economy, resulting in either thousands of protesters in the streets (providing a pretext to declare martial law) or a flimsy justification for moving the country closer to a crypto-based economy (as though that's less prone to crashes!). So...win-win??

* I thought I came up with this moniker myself -- turns out it was previously suggested by none other than the illustrious authoritarian expert Timothy Snyder, last Christmas Eve: https://www.rsn.org/001/why-is-musktrump-the-mump-regime-ask-the-mumpers-and-the-mumpets.html

[progree]

6. "inflation in February remained slightly sticky" Ummm. Looks more like up, up, up, to me

REGULAR ALL ITEMS PCE
BEA.gov News release: https://www.bea.gov/ and click on "Personal Income and Outlays" or "Personal Income"
https://fred.stlouisfed.org/series/PCEPI


CORE PCE:
https://fred.stlouisfed.org/series/PCEPILFE


More info: https://www.democraticunderground.com/10143428035#post8

[Canada Kid]

7. Tanking Stocks

We here in Canada just took a 250 point drop in our TSX value today, care of your stupid ass president! Thank you all so much! You guys also took a beating on Wall Street. So my question is...Where the hell are all those rich investors and corporate managers in the midst of all this carnage? Deathly silence!!

[central scrutinizer]

8. Oh boy, just in time for first quarter statements

Coming to a mailbox soon

[Think. Again.]

9. I heard trump likes to help baron with his short-selling hobby.

[progree]

10. S&P 500 closed Friday 3/28 at 5581, down 2.0% for the day, down 3.5% since election day, down 9.2% from ATH

ATH is all-time high.

I only follow the S&P 500, as it is by far the best measure of the three (Dow, S&P 500, and Nasdaq) of the total U.S. stock market and far more representative of what people have on average. But see bottom of this post for a graph of the DOW, which closed at 41,584, down 716 points (-1.7%) for the day.

The S&P 500 closed Friday March 28 at 5581, down 2.0% for the day,

and down 3.5% from the 5783 election day level,

and down 6.9% from the inauguration-eve level,

and down 5.1% year-to-date,

and down 9.2% from its all-time closing high of 6144 on Feb 19.
MORE, (a thread which I update every market day for these statistics): www.democraticunderground.com/111699775

[riversedge]

11. Dow closes more than 700 points lower and the S&P 500 is on track for its worst quarter since 2022

Dow closes more than 700 points lower and the S&P 500 is on track for its worst quarter since 2022

https://www.msn.com/en-us/money/markets/dow-closes-more-than-700-points-lower-and-the-s-p-500-is-on-track-for-its-worst-quarter-since-2022/ar-AA1BQCRd?ocid=winp1taskbar&cvid=618aa42167244af4ace27980276ccc26&ei=13


Story by John Towfighi, CNN • 55m • 4 min read

[tonekat]

12. Heckuva job, Dumpty! N/T

[twodogsbarking]

13. So this is the fault of, well, immigrants?

[Ojerly]

14. I'm 100%

sure they'll be blaming Biden any minute now.

[RazorbackExpat]

17. Musk. perhaps

[Crowman2009]

19. All the Elon nut huggers are screeching: BUY THE DIP! BUY THE DIP!

[Aussie105]

21. Now hang onto your hats while I mention the words no one dares to utter!

Correction, recession, depression.

(And for effect may I mention famine, pestilence, plague of locusts, fire and brimstone, all the Old Testament stuff.)

You might guess from my username I'm not an American but don't worry, global markets follow the US markets closely, and my retirement savings are going downhill too.

A characteristic of stock markets: A kick in the head will drop 2 or more % across the board very rapidly, and recovery might take weeks, but only if there are no more kicks in the head.

[chicago guy]

22. Trump's pay back

I sit here trying to figure out who is making money from this shit show. The whole mess is like being sucked into a IPO when a few investors raise all kinds of cash than bail within hours of the IPO sale. Someone is cashing in on trumps insane rants. I am not a conspiracy nut I just want know how the money is being made