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RandAlThor@lemmy.ca to World News@lemmy.worldEnglish · 1 month ago

Sell-off worsens for markets worldwide after China retaliates against Trump's tariffs

apnews.com

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Sell-off worsens for markets worldwide after China retaliates against Trump's tariffs

apnews.com

RandAlThor@lemmy.ca to World News@lemmy.worldEnglish · 1 month ago
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Markets plunge with S&P 500 down 6% and Dow down 2,200 after China retaliates against Trump tariffs
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Wall Street’s worst crisis since COVID slammed into a higher gear. The S&P 500 plummeted 6% Friday, the Dow Jones Industrial Average plunged 5.5% and the Nasdaq composite dropped 5.8%.
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  • atzanteol@sh.itjust.works
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    1 month ago

    Shit, Trump plays a lot of golf… Does he think negative numbers is “winning”?

    • sensiblepuffin@lemmy.funami.tech
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      1 month ago

      You think that man is getting negative numbers?

  • RandAlThor@lemmy.caOP
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    1 month ago

    Dow is down another 1,000 1st hour after the opening.

    • 18-24-61-B-17-17-4@lemmy.world
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      1 month ago

      Fucks sake, bud.

  • venusaur@lemmy.world
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    1 month ago

    curious if Trump and other politicians had sold off shares prior and are planning on getting back in low

    • Apocalypteroid@lemmy.world
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      1 month ago

      This is 100% a plan to tank US stocks so him and his buddies can buy them up cheap

      • venusaur@lemmy.world
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        1 month ago

        Usual suspects. Market manipulation from the executive branch.

    • 18-24-61-B-17-17-4@lemmy.world
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      1 month ago

      That’s what I was thinking.

      Not a bad time for us normal people to be buying stocks either though. Didn’t Don’t let them be the only ones to benefit from this horseshit.

      • huquad@lemmy.ml
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        1 month ago

        If I had the extra funds, sure

      • venusaur@lemmy.world
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        1 month ago

        For sure. You can try to make some money but you’ll likely be too early or late. Only they know when to get back in.

  • Avid Amoeba@lemmy.ca
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    1 month ago

    Yeah it seems like China’s action produced a larger selloff. Perhaps people weren’t as certain of the size of their response.

  • hark@lemmy.world
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    1 month ago

    We’ve hit 2024 levels so far. Let’s see if we can go even lower.

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