How will the stock market crash impact the elections?
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Anonymous
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I knew Powell and Netanyahu would come through. President Trump wisely intimidated Powell on holding back on rate cuts because they would influence the election, so by extension not cutting rates hurts Kamala. Then of course the Netanyahu assassinations will cause the all-out war he needs to stay in power and to sweep President Trump back into the White House. All those people who went on record supporting Kamala after Biden dropped out are going to feel very stupid when the enforcement squads sweep through in February. |
Anonymous
| The market is being unburdened by what has been |
Anonymous
Stop whining. No diff than what dems do. |
Anonymous
| You sure sound like you are trying to stir the pot (or love melodrama) |
Anonymous
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Global stock markets plunge
By David Goldman, Mark Thompson, Krystal Hur and Aditi Sangal, CNN Updated 1:32 PM EDT, Mon August 5, 2024 https://www.cnn.com/business/live-news/global-stock-markets-plunge/index.html What we're covering Stocks around the world are tumbling as fears about a US economic slowdown sent shockwaves of fear through global markets. The Dow opened more than 1,000 points lower, the S&P 500 was down 4.25% and the Nasdaq Composite plunged by more than 6%. All three indexes recovered slightly in morning trading. That comes after Japanese stocks suffered their biggest loss since 1987. The Nikkei 225 index in Tokyo closed more than 12% lower. Fears of a sharp slowdown in the US economy have raised expectations that the Federal Reserve will have to slash interest rates. |
Anonymous
Live Updates: Global Markets Jolted by Signs of U.S. Economy Slowing U.S. stocks tumbled, after markets recorded heavy declines in Asia and Europe. Here’s what to know about the market meltdown. A wave of anxiety rippled through financial markets on Monday, with stocks falling in the United States and around the world as investors zeroed in on signs of a slowing American economy. Monday’s drop extended a sell-off that had begun last week, after the U.S. jobs report on Friday that showed significantly slower hiring, with unemployment rising to its highest level in nearly three years. This deepened fears that the world’s largest economy could be slowing sharply and that the Federal Reserve may have waited too long to cut interest rates. https://www.nytimes.com/live/2024/08/05/business/stocks-market-crash-economy |
Anonymous
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Dow plunges more than 1,200 points amid fears of U.S. economic slowdown
Stocks in the U.S. plunged for a third consecutive trading day, with the Dow Jones Industrial Average tumbling more than 1,200 points, amid growing fears of an economic downturn sparked by a sharp slowdown in hiring and weakening consumer spending. The S&P 500 slid 129 points, or 2.4%, to 5,217 in early afternoon trading, while the tech-heavy Nasdaq Composite sank 2.9%. Investors are fleeing the Big Tech names that until recently had powered the U.S. market higher: Apple shed 4.2% while Meta fell about 2% in afternoon trading. Chipmaker Nvidia tumbled 5.6%. https://www.cbsnews.com/news/stock-market-today-dow-jones-s-p-500-down/ |
Anonymous
Trump boasted about the stock market virtually every time it was up. How many times has Biden boasted about the stock market? |
Anonymous
I find it bizarre how many libs are calling a global market sell-off a "tantrum." Are you going to spend the next 4 years of Kamala's rule telling us that the job market "needs to chill" and reminding us that our decimated portfolios disproportionately hurt the BIPOCs? |
Anonymous
Republicans have been telling us for years of record highs that the stock market is not the economy. |
Anonymous
What are you talking about "decimated?" My biggest hit was Nvidia and that one's only down 7% - my other stocks far less. You're acting like it's 1929 and people are jumping out of windows. You seem a bit out of touch with reality. |
Anonymous
That's different! |
Anonymous
Bruh, this is one day. There are many more days to come, and you're assuming this is the only bad day we will have. Given that our economy is floating on government money right now, that's a poor assumption. |
Anonymous
Several times. A simple google search will prove that. |
Anonymous
| Biden is a disaster all around. Worst Pres since W Bush and Carter |