Dow industrials poised for 800-point weekly drop--biggest weekly setback in 2 years

[Bourbon]

Source: Marketwatch

The Dow Jones Industrial Average on Friday was on track to shed about 813 points for the week, which would be its steepest weekly slide since January 2016, when it shed 1,079 points, according to FactSet data. The Dow DJIA, -1.37% was down 380 points, or 1.4%, early Friday as Treasury yields gathered steam following an upbeat jobs report. On a percentage basis, the weekly decline, 3.1%, would also be the worst for the blue-chip gauge since the 6.2% weekly decline also in early January of 2016. Rising yields can undercut appetite for assets perceived as risky, including stocks. The S&P 500 index SPX, -1.00% meanwhile, was down 1.2%, at 2,789, while the Nasdaq Composite Index COMP, -0.81% gave up 1.1% at 7,303.

Read more: https://www.marketwatch.com/story/th...02-02?mod=bnbh


Thank God Donny always Man's Up at takes credit.

[cancel2 2022]

Source: Marketwatch

The Dow Jones Industrial Average on Friday was on track to shed about 813 points for the week, which would be its steepest weekly slide since January 2016, when it shed 1,079 points, according to FactSet data. The Dow DJIA, -1.37% was down 380 points, or 1.4%, early Friday as Treasury yields gathered steam following an upbeat jobs report. On a percentage basis, the weekly decline, 3.1%, would also be the worst for the blue-chip gauge since the 6.2% weekly decline also in early January of 2016. Rising yields can undercut appetite for assets perceived as risky, including stocks. The S&P 500 index SPX, -1.00% meanwhile, was down 1.2%, at 2,789, while the Nasdaq Composite Index COMP, -0.81% gave up 1.1% at 7,303.

Read more: https://www.marketwatch.com/story/th...02-02?mod=bnbh


Thank God Donny always Man's Up at takes credit.

Well if the increase was due to Obama, then by the same token, so is the decrease!

Sent from my Lenovo K8 using Tapatalk

[evince]

rate hike

[Cancel 2020.1]

Must be Obama's economy now.

[Irish Exit]

pump dump pump dump

pumpers are the problem, not the dumpers. DJIA waaaaaaay overvalued.

[cawacko]

So we should have the President at the end of each week now taking credit or blame for the Dow's performance of that week?

[anatta]

Jan was record highs..but a big reason for the drop is this organizing of a non-profit HC company by Amazon etc.

[Superfreak]

Source: Marketwatch

The Dow Jones Industrial Average on Friday was on track to shed about 813 points for the week, which would be its steepest weekly slide since January 2016, when it shed 1,079 points, according to FactSet data. The Dow DJIA, -1.37% was down 380 points, or 1.4%, early Friday as Treasury yields gathered steam following an upbeat jobs report. On a percentage basis, the weekly decline, 3.1%, would also be the worst for the blue-chip gauge since the 6.2% weekly decline also in early January of 2016. Rising yields can undercut appetite for assets perceived as risky, including stocks. The S&P 500 index SPX, -1.00% meanwhile, was down 1.2%, at 2,789, while the Nasdaq Composite Index COMP, -0.81% gave up 1.1% at 7,303.

Read more: https://www.marketwatch.com/story/th...02-02?mod=bnbh


Thank God Donny always Man's Up at takes credit.

Um... the Dow was about 18000 back in Jan 2016. A 1079 point slide would equate to about a 6% drop. On a 26600 dow, an 800 point drop would be about a 3% drop. Not even close to being as impactful.

[Русский агент]

So we should have the President at the end of each week now taking credit or blame for the Dow's performance of that week?

Only if it goes up - then it's because of something Obama supposedly did and Trump should get no credit.

If it goes down, it's Trump's fault, and no explanation is given.

[Jarod]

600 pts today alone.

[Jarod]

Funny how they were crowing!

[cawacko]

The Fed is finally going to do their job

[Bourbon]

Well if the increase was due to Obama, then by the same token, so is the decrease!

Sent from my Lenovo K8 using Tapatalk

Ok ... maybe if you tried saying that to yourself really slowly ... you'll get it.

[Truth Detector]

Source: Marketwatch

The Dow Jones Industrial Average on Friday was on track to shed about 813 points for the week, which would be its steepest weekly slide since January 2016, when it shed 1,079 points, according to FactSet data. The Dow DJIA, -1.37% was down 380 points, or 1.4%, early Friday as Treasury yields gathered steam following an upbeat jobs report. On a percentage basis, the weekly decline, 3.1%, would also be the worst for the blue-chip gauge since the 6.2% weekly decline also in early January of 2016. Rising yields can undercut appetite for assets perceived as risky, including stocks. The S&P 500 index SPX, -1.00% meanwhile, was down 1.2%, at 2,789, while the Nasdaq Composite Index COMP, -0.81% gave up 1.1% at 7,303.

Read more: https://www.marketwatch.com/story/th...02-02?mod=bnbh

Thank God Donny always Man's Up at takes credit.

Hang on; shouldn't you leftist retards be celebrating when the fat cats of Wall Street have a down week? Dear idiot, the President has been in office for ONE year. A year does not make an entire market or a Presidency you clueless twit.

Damn you liberals are the most ignorant people on the planet. No wonder you support the rot and corruption that the Party of the Jackass wallows in.

[Русский агент]

600 pts today alone.

Nothing to do with the release of the memo, Brad?