Markets tumble as Dow closes more than 200 points lower
Source: CNBC
U.S. equities fell on Tuesday, the first trading day of the week, as tension between North Korea and the West sent jitters down Wall Street.
The Dow Jones industrial average dropped about 220 points, with United Technologies and Goldman Sachs contributing the most to the losses. United Technologies' stock dropped after announcing a $30 billion mega-deal to buy Rockwell Collins. Boeing was also a large contributor of losses.
The S&P 500 pulled back 0.8 percent, with financials on track for their worst day since May 17. Insurers XL Group and Everest Re Group were among the biggest decliners in the index as the threat of Hurricane Irma hitting Florida increased. Overall, the insurance space was on track for its worst day since June 27, 2016.
The Nasdaq composite declined 0.9 percent as shares of Apple, Amazon, Facebook and Alphabet all dropped.
Read more: https://www.cnbc.com/2017/09/05/us-stocks-north-korea-economy.html
Warpy
(111,466 posts)I think my dad would be pleased. He spent most days glued to the stock market ticker (you know, like he was playing the ponies) and complaining that so many of his stocks were lousy picks.
I'd have to tell him they are stable lousy picks that pay dividends and for that, I'm extremely grateful.
Bengus81
(6,939 posts)Javaman
(62,540 posts)permanent recession.
PoindexterOglethorpe
(25,929 posts)Almost a one percent drop! SELL SELL SELL.
Oh, wait. A one percent drop? If it keeps on dropping one percent a day for a couple of weeks, then get worried. Meanwhile, this is hardly a "tumble".
Keep in mind: stock prices go up. Stock prices go down. In the long run they go up more than they go down. I believe people here posted back in November that they were getting entirely out of the market. The Dow has risen more than 10 percent since then.
Also, keep in mind that the rebuilding that's going to be needed in the weeks and years to come, what with Harvey, Irma, and maybe even Jose, will lift certain stocks a lot.
The Mouth
(3,171 posts)"the stock market is the only place where people run AWAY when they're having a sale".
PoindexterOglethorpe
(25,929 posts)And it's exactly what people do.
I'm no investment genius. I have a bit of money and an investment advisor, and he's done well for me over the years. And he doesn't jump in and out of the market, either.
TeamPooka
(24,303 posts)davsand
(13,421 posts)Look for a serious impact from that.
Laura
George II
(67,782 posts)...against it were down.
davsand
(13,421 posts)They know how this will play out on the economy. He needs the congressional GOP to save him, and he's willing to roll the dice with all these people's lives as well as our economy just so he can throw red meat to his racist supporters. He will claim a policy victory when the Dems work with sane GOP members to do the humane thing.
It's sad.
Laura
Achilleaze
(15,543 posts)republicans always crash the economy. That's a fact, Jack.
elleng
(131,410 posts)George II
(67,782 posts)...keeping unemployment down. The ONLY reason unemployment is still low is due to Obama's 75 consecutive months (an all-time record) of job growth.
Thanks Obama!
C_U_L8R
(45,040 posts)this dope is nothing but bad news.
sakabatou
(42,204 posts)jmowreader
(50,601 posts)modrepub
(3,505 posts)And this fool and his Congress have yet to face a non-self inflicted crisis
Ligyron
(7,645 posts)former9thward
(32,165 posts)Just curious...
RandiFan1290
(6,261 posts)How come you never took part in those threads?
former9thward
(32,165 posts)I contribute to market threads all the time. I have always maintained the market is largely independent of whoever is President. I guessed you missed those posts for some reason...
Judi Lynn
(160,682 posts)Makes a lot more sense than trying to accuse DU'ers of only posting bad market news during Republican pResidencies.
It would show quite a bit more maturity.
former9thward
(32,165 posts)LanternWaste
(37,748 posts)There are, regardless of whether we allege they do not exist.
Just answering...