Current Events > Dow tumbles 1,100 points, Nasdaq loses 5% in worst day of the year so far

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Lebronwon 05/05/22 12:25:29 PM #1:	https://www.nbcnews.com/business/markets/markets-tumble-day-after-federal-reserve-interest-rate-hike-rcna27513 Stocks fell sharply on Thursday, erasing the gains seen in the previous session after the Federal Reserve raised rates by half a point. The Dow Jones Industrial Average lost 1012 points, or 3.0%. The S&P 500 and Nasdaq Composite fell 3.5% and 4.7%, respectively. The moves come after a major rally for stocks on Wednesday. The Dow surged 932 points, or 2.81%, and the S&P 500 gained 2.99% for their biggest gains since 2020. The Nasdaq Composite jumped 3.19%. Those gains had all been erased before noon in New York on Thursday. If you go up 3% and then you give up half a percent the next day, thats pretty normal stuff. ... But having the kind of day we had yesterday and then seeing it 100% reversed within half a day is just truly extraordinary, said Randy Frederick, managing director of trading and derivatives at the Schwab Center for Financial Research. On Wednesday, the Fed increased its benchmark interest rate by 50 basis points, as expected, and said it would begin reducing its balance sheet in June. However, Fed Chair Jerome Powell said during his news conference that the central bank is not actively considering a larger 75 basis point rate hike, which appeared to spark a rally. Carlyle Group co-founder David Rubenstein said investors need to get back to reality about the headwinds for markets and the economy, including the war in Russia and high inflation. Were also looking at 50-basis-point increases the next two FOMC meetings. So we are going to be tightening a bit. I dont think that is going to be tightening so much so that were going slow down the economy. ... but we still have to recognize that we have some real economic challenges in the United States, Rubenstein said Thursday on CNBCs Squawk Box. --- Not 1, not 2, not 3, not 4, not 5, not 6, not 7 <cite>Lebronwon posted [p:964811475] in Dow tumble... [t:80010300]...</cite> <quote>https://www.nbcnews.com/business/markets/markets-tumble-day-after-federal-reserve-interest-rate-hike-rcna27513 Stocks fell sharply on Thursday, erasing the gains seen in the previous session after the Federal Reserve raised rates by half a point. The Dow Jones Industrial Average lost 1012 points, or 3.0%. The S&P 500 and Nasdaq Composite fell 3.5% and 4.7%, respectively. The moves come after a major rally for stocks on Wednesday. The Dow surged 932 points, or 2.81%, and the S&P 500 gained 2.99% for their biggest gains since 2020. The Nasdaq Composite jumped 3.19%. Those gains had all been erased before noon in New York on Thursday. If you go up 3% and then you give up half a percent the next day, thats pretty normal stuff. ... But having the kind of day we had yesterday and then seeing it 100% reversed within half a day is just truly extraordinary, said Randy Frederick, managing director of trading and derivatives at the Schwab Center for Financial Research. On Wednesday, the Fed increased its benchmark interest rate by 50 basis points, as expected, and said it would begin reducing its balance sheet in June. However, Fed Chair Jerome Powell said during his news conference that the central bank is not actively considering a larger 75 basis point rate hike, which appeared to spark a rally. Carlyle Group co-founder David Rubenstein said investors need to get back to reality about the headwinds for markets and the economy, including the war in Russia and high inflation. Were also looking at 50-basis-point increases the next two FOMC meetings. So we are going to be tightening a bit. I dont think that is going to be tightening so much so that were going slow down the economy. ... but we still have to recognize that we have some real economic challenges in the United States, Rubenstein said Thursday on CNBCs Squawk Box. </quote> ... Copied to Clipboard!
Questionmarktarius 05/05/22 12:27:26 PM #2:	Increasing interest rates moves investment capital from speculation into long-term. This is how it pretty much always happens. <cite>Questionmarktarius posted [p:964811512] in Dow tumble... [t:80010300]...</cite> <quote>Increasing interest rates moves investment capital from speculation into long-term. This is how it pretty much always happens. </quote> ... Copied to Clipboard!
TheHoldSteady 05/05/22 12:32:31 PM #3:	Mah stocks. <cite>TheHoldSteady posted [p:964811647] in Dow tumble... [t:80010300]...</cite> <quote>Mah stocks. </quote> ... Copied to Clipboard!
Tyranthraxus 05/05/22 12:35:03 PM #4:	Time to buy --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://i.imgur.com/dQgC4kv.jpg <cite>Tyranthraxus posted [p:964811706] in Dow tumble... [t:80010300]...</cite> <quote>Time to buy </quote> ... Copied to Clipboard!
CE_gonna_CE 05/05/22 12:53:34 PM #5:	When lambo? --- https://gamefaqs.gamespot.com/boards/1531-food-delivery-services-general <cite>CE_gonna_CE posted [p:964812143] in Dow tumble... [t:80010300]...</cite> <quote>When lambo? </quote> ... Copied to Clipboard!
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AablMind 05/05/22 1:03:09 PM #7:	People will still find ways to say record breaking GDP growth --- Number of times I've been called a tankie on this dying website: 4 I'll have you know, you're arguing with a himbo <cite>AablMind posted [p:964812361] in Dow tumble... [t:80010300]...</cite> <quote>People will still find ways to say record breaking GDP growth </quote> ... Copied to Clipboard!
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Current Events > Dow tumbles 1,100 points, Nasdaq loses 5% in worst day of the year so far (+) Yeah! (+)

Current Events > Dow tumbles 1,100 points, Nasdaq loses 5% in worst day of the year so far