Current Events > Stocks set to plunge at the open on virus second wave concern, Dow down 800

(+) Yeah! (+)

Stock futures fell sharply in early trading Thursday as coronavirus cases increased in some states that are reopening up from lockdowns. Shares that have surged recently on hopes for a smooth reopening of the economy dropped in premarket trading.

Futures on the Dow Jones Industrial Average dropped 851 points, or 3.2%. The move implied an opening decline of about 865 points. S&P 500 futures fell 2.6%. Nasdaq-100 futures dropped 1.8%.

The downdraft in futures followed two straight days of losses for the 30-stock Dow and S&P 500 as investors ditched reopening trades for the megacap tech names. The S&P 500 dipped 0.5% on Wednesday, and the Dow slid about 280 points. Meanwhile, the Nasdaq Composite climbed 0.7% to a record closing high of 10,020.35, also its first-ever close above 10,000.

The Nasdaq has risen for eight days in the past nine sessions, bringing its 2020 gains to nearly 10%. The S&P 500 is down 1.2% this year after briefly turning green for 2020 earlier this week. The Dow is down 5.4% for 2020.

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You hate to see it
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MUH STONKS

no seriously, I have some goodies :(

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Antifar posted...

You hate to see it

I don't since I'm far from retirement and have money to invest. I'd say it sucks for those near retirement, but they shouldn't be so heavily invested in equities at that point.

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We're not even through the first wave

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Would it be a great time to try and invest in something? Sort of missed the first wave the first time around

So glad I held off on buying last Friday. The spike in a month is going to be a total shit show. Opening up+protests+rallies+people caring less about it

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Luckily it's mostly red states that are rushing reopening. NJ has barely even started loosening restrictions as of yet

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Isn't it funny that the people who act like the economy doesn't matter are the ones that complain about poverty and inadequate funding for social programs?

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Squall28 posted...

Isn't it funny that the people who act like the economy doesn't matter are the ones that complain about poverty and inadequate funding for social programs?

Shut up dude

It's Trump's fault I'm poor and unsuccessful

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Squall28 posted...

Isn't it funny that the people who act like the economy doesn't matter are the ones that complain about poverty and inadequate funding for social programs?

No matter how the economy's doing, we have trillions to spend on subsidies and war machines and tax cuts for the wealthy
And never enough for education and social programs.

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Bullet_Wing posted...

You're a NEET in Canada. Hush.

If I wasn't opposed to the ignore/block feature as a whole REMercs would probably be the easiest person to put on there and not miss out on anything at all, his posts never contribute to the topic in any way, it's just his painfully cringe attempts at humor. @AlephZero is another user just like that

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TheGreatGeno6 posted...

If I wasn't opposed to the ignore/block feature as a whole REMercs would probably be the easiest person to put on there and not miss out on anything at all, his posts never contribute to the topic in any way, it's just his painfully cringe attempts at humor. @AlephZero is another user just like that

that's what tagging is for. i've no ability to keep track of people here, so little tags that tell me at a glance what i think of their posting, works perfectly.

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marthsheretoo posted...

No matter how the economy's doing, we have trillions to spend on subsidies and war machines and tax cuts for the wealthy
And never enough for education and social programs.

It's true that the budget needs to rebalanced, but that doesn't change the fact it becomes easier with a bigger pie and more people employed.

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GregShmedley posted...

Well no, I wouldn't say this is lucky.

Hard to feel sorry for people that brought the issue on themselves by voting for a party that only cares about the bank accounts of their rich donors. They won't learn either, even if several million die because of it.

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Bullet_Wing posted...

Cue Trump doing something really stupid to compensate as he usually does.

He's already gone through his National Distraction Playbook at least once, so I'm betting at this point he's back around to either targeting violence in video games or the vaping industry.

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time to buy the dip

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Fuck yeah! Time for the poor people (me) to buy low!

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Ex-Kefiroth posted...

Let it go down to zero and shutter the exchanges.

lol

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GregShmedley posted...

Crazy thing, I know, but not everyone in a red state votes red. And at the end of the day, those people you are salivating over the idea of them getting sick (and possibly dying) can spread to other people in other places.

It's time to grow the fuck up, Geno.

My man, there's no reason to get this upset. I'm just a random dude on a dying video game message board, yet you have so much anger and hatred for me. Maybe its time you take a step back, reevaluate your priorities and reflect back on your life until you realize just what lead you up to this point.

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GregShmedley posted...

I haven't interacted with you in months. What are you talking about?

And speaking of anger and hatred, your gimmick for at least 3+ years has literally been nothing but anger filled rants about conservatives lol. Like, meltdown after meltdown leading to your banning.

Sure you aren't projecting here?

Please point out where in this topic I had a meltdown.

Oh, I forgot. To CE, the definition of meltdown is "expressing disagreement in any way, shape, or form"

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Squall28 posted...

Isn't it funny that the people who act like the economy doesn't matter are the ones that complain about poverty and inadequate funding for social programs?

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GregShmedley posted...

Did I say in this topic?

And to add to that, my old main was not banned for a "ranting meltdown", it was banned for making a distasteful prison rape joke

I can sometimes be harsh in my criticism of conservatives. Some things need to be harshly criticized. But I always remain calm when expressing said harsh criticism. Just because I refuse to sugarcoat things and state things in a matter of fact way does not mean I am "melting down"

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jeffhardyb0yz posted...

Whatever you guys do, don't panic sell. Now's a good time to buy buy buy

ok Jim Cramer

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TheGreatGeno6 posted...

Hard to feel sorry for people that brought the issue on themselves by voting for a party that only cares about the bank accounts of their rich donors. They won't learn either, even if several million die because of it.

By mid-May the official mortality rate was three times higher, on average, in states won by Hillary Clinton in 2016 than in those won by Donald Trump.

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Well I've been meaning to try out Tvix stocks I'll give it a go today the market is well over priced anyways I'm willing to gamble a few hundred on a another market crash.

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So Republicans hate the stock market today. Today must be the liberal stock market

gatorsPENSbucs posted...

By mid-May the official mortality rate was three times higher, on average, in states won by Hillary Clinton in 2016 than in those won by Donald Trump.

Because all of the big, rich, densely populated cities are in blue states. Red states are too poor to sustain that level of infrastructure.
[LFAQs-redacted-quote]

Oh don't worry, I don't care enough about what you or anyone else here think of me to get upset. If I did care I wouldn't criticize half of the board's political views as harshly as I do. Sorry, but I will never sugarcoat my criticism of an abhorrent ideology no matter how angry it makes people.

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https://www.covidexitstrategy.org

My state is no longer doing well. In fact the only ones that remain doing well are NY and NJ.

A factor in this is increased testing. NY and NJ already have all the test kits they will ever have.

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P4wn4g3 posted...

https://www.covidexitstrategy.org

My state is no longer doing well. In fact the only ones that remain doing well are NY and NJ.

A factor in this is increased testing. NY and NJ already have all the test kits they will ever have.

N
P4wn4g3 posted...

https://www.covidexitstrategy.org

My state is no longer doing well. In fact the only ones that remain doing well are NY and NJ.

A factor in this is increased testing. NY and NJ already have all the test kits they will ever have.

NJ is doing well because we havent rushed our reopening. Sure is nice living in a state democrats control with a supermajority

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https://www.youtube.com/watch?v=biqTs01Z40w

Yeah we're going full speed ahead.

Next month is going to be THE SHIT SHOW. Holding all my money.

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Bullet_Wing posted...

Our country is a goddamn embarrassment on a world scale with this. Some countries have all but stomped it out, meanwhile we're trending back into April territory because of shit leadership and stubborn populace.

Not like the opinions of the entire developed world on the US could go much lower since we elected Trump.

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TheGreatGeno6 posted...

NJ is doing well because we havent rushed our reopening.

lol and crippled every small business owner in the meantime. Imagine slurping up Murphy's process.

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TheGreatGeno6 posted...

NJ is doing well because we havent rushed our reopening. Sure is nice living in a state democrats control with a supermajority

Neither have we. You were also hit hard early on and had test kits, we didn't.

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EvalAngell posted...

lol and crippled every small business owner in the meantime. Imagine slurping up Murphy's process.

Republican logic: let's kill a large chunk of our population so a few businesses dont go belly up

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Du'h

Like its completely delusional that its gotten near all time highs. How the hell do you have companies, doubling, tripling and quadrupling their value in a few months when their not even making the same revenue as before and hell knows when they will and a lot of them will be loaded with plenty of high interest loans.

DOESNT MAKE SENSE!!! Too bad I sold too early, but it just didnt make sense.

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