US stocks were sharply lower Friday as investors digested souring consumer sentiment and inflation data that showed an uptick in one of the Federal Reserve’s key gauges, underscoring the delicate state of the economy as businesses brace for President Donald Trump’s tariffs.
The Dow tumbled 750 points, or 1.77%, on Friday. The broader S&P 500 fell 2.1% and the Nasdaq Composite slid 2.8%.
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Wall Street was also grappling with Trump’s announcement on Wednesday of 25% tariffs on all cars shipped into the US, set to go into effect April 3. Trump also announced tariffs on car parts like engines and transmissions, set to take effect “no later than May 3,” according to the proclamation he signed.
Its almost like it can’t forever be going up…
Almost like someone actively causing instability with bad economic policy and stirring global political instability would cause it to go down.
Except if you follow very basic economic policy and buy low/sell high a recession/major correction is just a buying opportunity. Think new game+ mode, now you extra stonks on your new playthrough.
Clarification: I’m talking about banks causing collapses as a way to consolidate. Not wallstreetbets shit.
Investor bros always pull this line out.
The stock market is more than 30 year olds who can put a extra 100k into it and wait.
A lot of people’s 401ks are tied to this shit, jobs are tied to the market, investments are tied to the market.
It’s a lot more complex than “buy the dip bro!”
Lol I’m not talking about you or i. I’m talking about JP Morgan. I’m talking about Wells Fargo. I’m talking about houses being foreclosed and taken as commercial revenue.
But… But line. Line go up.
Youre telling me that exploiting the workers, making life horrible and expensive for the middle and lower class while giving tax breaks to the ultra wealthy makes the line not go up?
B… But line. Line go up!
With all this hysteria going around it seems like the general population has forgotten how we live in the real world and where we came from, how we got here.