Stocks drop 200 points amid lingering worries over Trump controversies

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blackascoal

The Force is With Me
Stocks fell Thursday on concerns President Trump's recent controversies will not allow him to work with Congress to pass business-friendly legislation.

The Dow average fell 200 points on fears that Gary Cohn, a business-friendly adviser to the president, could resign his role as director of National Economic Council because of Trump's remarks after the violent protests in Charlottesville, Va.

The S&P 500 dropped 1.1 percent, with information technology leading decliners. The Nasdaq lagged, falling 1.5 percent.

"This [situation] is definitely disappointing for investors holding out hope for tax reform," said Mike Baele, the managing director at U.S. Bank Private Client Reserve. "It doesn't mean it's not going to happen, but it certainly" dampens the outlook.*
http://www.msn.com/en-us/money/mark...oversies/ar-AAqfoHR?li=AA4Zjn&ocid=spartanntp
 
Congressional ennui puts tax reform at risk,but some of this is prolly a reaction to terrorism too
 
anatta said:
Congressional ennui puts tax reform at risk,but some of this is prolly a reaction to terrorism too
Click to expand...

This isn't about terrorism. It's about Trump's economic agenda and if his economic advisers leave then market fall here we come
 
blackascoal said:
Stocks fell Thursday on concerns President Trump's recent controversies will not allow him to work with Congress to pass business-friendly legislation.

The Dow average fell 200 points on fears that Gary Cohn, a business-friendly adviser to the president, could resign his role as director of National Economic Council because of Trump's remarks after the violent protests in Charlottesville, Va.

The S&P 500 dropped 1.1 percent, with information technology leading decliners. The Nasdaq lagged, falling 1.5 percent.

"This [situation] is definitely disappointing for investors holding out hope for tax reform," said Mike Baele, the managing director at U.S. Bank Private Client Reserve. "It doesn't mean it's not going to happen, but it certainly" dampens the outlook.*
http://www.msn.com/en-us/money/mark...oversies/ar-AAqfoHR?li=AA4Zjn&ocid=spartanntp
Click to expand...
We just need to keep things in perspective here, I know, you know, we all know it's obama's fault the market went down..

No one can honestly blame trumpf for the market going down, he has nothing to do w/ it.:whome:..................:rofl2:
 
cawacko said:
This isn't about terrorism. It's about Trump's economic agenda and if his economic advisers leave then market fall here we come
Click to expand...
Truthfully, this inflated market is more about early year stock buybacks, a boost to the banking sector that subsided, and now slowly rebounds, oil dipping and climbing, and some silly pro business speculation.

A bigger dip is coming, which is when I'll dump some money into the banking sector. Because the banks never lose in this country.
 
wierd that it would be IT firms leading the decline. They would seem to care least about trumps nationalist policies.
 
tsuke said:
wierd that it would be IT firms leading the decline. They would seem to care least about trumps nationalist policies.
Click to expand...
They were the ones showing gains for a few weeks. It's all a charade. Boost a sector until people flood to it, and then take profits.
 
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