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Economy

elleng

(131,457 posts) Thu Apr 4, 2024, 06:06 PM Apr 4

WTH?

Market Summary
>
Dow Jones Industrial Average
38,596.98
?530.16 (1.35%)today

3 replies

= new reply since forum marked as read

Highlight:

WTH? (Original Post) elleng Apr 4 OP

Dow drops 500 points after Fed officials spook investors with cloudy rate-cut outlook bucolic_frolic Apr 4 #1

Thanks for the info; now I've got to 'study.' elleng Apr 4 #2

Don't do that mercuryblues Apr 4 #3

bucolic_frolic

(43,548 posts)

1. Dow drops 500 points after Fed officials spook investors with cloudy rate-cut outlook

Reply to elleng (Original post)

Thu Apr 4, 2024, 06:08 PM

Apr 4

https://nypost.com/2024/04/04/business/dow-drops-500-points-after-fed-officials-spook-investors/

The three major stock indexes fell more than 1% each and the S&P 500 had its biggest daily percentage drop since Feb. 13 on Thursday as Federal Reserve officials took a cautious approach in comments on the outlook for interest rate cuts, and investors braced for Friday’s monthly jobs report.

Investors also digested comments from President Biden, who called for an immediate ceasefire in a call with Israel Prime Minister Benjamin Netanyahu over the Gaza war. Oil prices climbed amid the geopolitical tensions.

The Dow Jones Industrial Average tumbled 530.16 points, or 1.4%, to 38,596.98, the S&P 500 lost 1.2% and the Nasdaq dropped 1.4%.

elleng

(131,457 posts)

2. Thanks for the info; now I've got to 'study.'

Reply to bucolic_frolic (Reply #1)

Thu Apr 4, 2024, 06:13 PM

Apr 4

mercuryblues

(14,564 posts)

3. Don't do that

Reply to elleng (Reply #2)

Thu Apr 4, 2024, 10:27 PM

Apr 4

It's a trap.

Reply to this discussion