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- #61
DOW Futures were UP 200 points this morning.
DOW is currently DOWN 110 points for the day.
Regular trading hours end in 90 minutes.
Dow erases 352-point gain as stock market makes U-turn lower
The Dow Jones Industrial Average Monday afternoon was trading at session lows, with the blue-chip gauge relinquishing an earlier sharp rise to retreat into negative territory. Lingering concerns about global growth, peak earnings in the U.S. and trade clashes between the U.S. and China continued to fuel unsettled markets that fell sharply last week. Most recently on Monday, the Dow was down 0.5%, or 110 points, at 24,579, after rising by as many as 352 points at the intraday peak. Meanwhile, the S&P 500 index SPX, -0.08% was trading 0.2% lower at 2,653 and the Nasdaq Composite Index COMP, -0.99% which has been under pressure throughout the market's downturn, was off 1.2%, completely reversing its sharp advance from earlier in the session. A news report by Bloomberg indicating that the U.S. was set to impose tariffs on all of China's remaining imports, escalating a clash between the world's biggest economic superpowers.
"Trade wars are good and easy to win" - WHO said that?![]()
Armageddon!
Nope, not yet but there is gonna be a lot of really pissed off folks when this thing crashes; then maybe your Armageddon will come later.
It's funny: G. W. offers Obama the worst economy since the Great Depression. Obama then offers Trump a golden goose. In time Trump will offer the GOP a Great Depression. Then the GOP will offer that Depression to a Democrat.