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Thread: Dow Jones plunges more than 700 points, puts market in negative territory for 2018

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  1. #1
    Senior Member JohnDoe2's Avatar
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    Dow Jones plunges more than 700 points, puts market in negative territory for 2018



    Dow plunges triple digits, turns negative for 2018

    Published December 06, 2018StocksFOXBusiness

    Trump sending political message with Huawei CFO's arrest?

    Hudson Institute Senior Fellow Michael Pillsbury on the impact of Huawei CFO Meng Wanzhou's arrest on U.S. trade talks with China.


    U.S. equities plunged Thursday -- putting the main stock index in negative territory for the year -- after Canadian authorities arrested the chief financial officer of Chinese telecom giant Huawei at the request of U.S. authorities.

    The arrest Wednesday in Vancouver of Meng Wanzhou, who faces extradition to the United States, raises the stakes for, and possibly threatens, the recently restarted U.S.-China trade talks.

    Ticker Security Last Change %Chg
    IJI DOW JONES AVERAGES 24455.08 -571.99 -2.29%
    SP500 S&P 500 2632.02 -68.04 -2.52%
    I:COMP NASDAQ COMPOSITE INDEX 7017.8531 -140.57 -1.96%

    The specific charge or charges against the 46-year-old daughter of Huawei's founder were not disclosed, but U.S. officials have been investigating the company for possibly violating American trade sanctions against Iran.


    Investors were rattled. The intraday decline in the blue-chip Dow Jones Industrial Average -- down more than 700 points in late-morning trading -- put the widely watched index into negative territory for 2018. The S&P 500 also plunged into negative territory for the year. This would leave only the Nasdaq Composite in the plus column for 2018.


    With the exception of Netflix the big-cap consumer and tech titans were falling for a second day, but the selling was nowhere near as intense as in the previous session.


    Meanwhile, oil prices extended their losses despite OPEC members agreeing Thursday to cut oil output -- although it’s unclear by how much.

    West Texas Intermediate, the U.S. benchmark crude oil, fell nearly 3 percent to $51.41 per barrel on Thursday.


    More from FOX Business ...





    Fears of a crude oil supply glut and slowing global growth have sent prices plunging in recent weeks. U.S. crude entered a bear market one month ago and is currently down 33 percent from its 4-year high of $76.41 per barrel on Oct. 3.


    Global stocks
    also fell. Asian stocks closed down. Japan's Nikkei 225 index was off 1.91 percent, while the Hang Seng ended off 1.19 percent. China's Shanghai Composite settled down 1.68 percent.


    European bourses settled lower. Britain's FTSE 100 was 2.58 percent lower, France's CAC 40 was off 2.40 percent and Germany's Dax was falling 2.55 percent.

    https://www.foxbusiness.com/markets/...ative-for-2018


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  2. #2
    Senior Member Beezer's Avatar
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    Good time to buy!
    Judy likes this.
    TO BECOME AN AMERICAN YOU MUST CHANGE YOUR VALUES ...NOT YOUR LOCATION

    STAY HOME AND BUILD AMERICA ON YOUR SOIL

  3. #3
    Senior Member Judy's Avatar
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    Dow recovered, closed down only 79 points. Investors are kind of wacky, the old norms no longer apply in Trump World. They still have a lot to learn about how Trump is fixing our economy.

    Market Summary > Dow Jones Industrial Average
    INDEXDJX: .DJI
    24,947.67 −79.40 (0.32%)
    Dec 6, 4:20 PM EST · Disclaimer

    https://www.google.com/search?q=dow+...nt=firefox-b-1
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    MW
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    The market goes up and Trump runs around thumping his chest and boasting. However, when it's skidding downward ..... Trump goes silent.

    I know Trump and his defenders wants to believe everything evolves around him, but it just doesn't and that includes stock market activity. If he wants credit when the market is climbing, I guess he should accept blame when it's falling. There are a lot of variables that drive the market and Trump's actions, good or bad, aren't always as significant as he would like to believe.
    stoptheinvaders likes this.

    "The only thing necessary for the triumph of evil is for good men to do nothing" ** Edmund Burke**

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    Senior Member Judy's Avatar
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    Trump haters are so funny.
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    MW
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    Trump Card Cults

    The root cause of mass narcissism, sociopathy and gaslighting.

    Posted Jul 24, 2018


    Winter of ‘78: Jim Jones and his cult followers had just drunk their poison Kool-Aid in Guyana– 900 dead. And I was off to Guatemala with my spiritualcommune to do poverty relief work. My family was worried.

    They were also annoyed by what I had become, a know-it-all, confident that I could beat any challenge to my smug, all-knowing spiritual truths. I had fallen for the cult mindset, that heady sense that you hold all the cards, a high so self-aggrandizing that people are willing to drink the Kool-Aid.

    Aid is the operative word. Though my commune was wholesome, I pretended it fool-proofed my life, like it had issued me a deck of trump cards to trump all challenges to my humble spiritual authority, the greatest aid any of us could ever crave.

    Life is an anxious affair. We all fear failure and therefore might be tempted by the fake trump-card aid that cults provide – I once was lost but now I’m found instead of I once was lost and could be still.

    Today we wonder whether the GOP has become the Trump cult. All cults are trump-card cults, issuing to members the same deck of fake get-out-of-fail-free cards. Cults don’t brainwash, they head swell. People throw all in to cults so they can keep all self-doubt out.

    Cults come in all ideological flavors – left, right, religious, spiritual, philosophical. What they have in common is that deck of fake trump cards, cheap-trick ploys for feigning infallibility, invincibility, and unassailability so members can make everyone else wrong for not agreeing with them.

    Our common enemy, what we must resist all together, is trump-card cults. Because such cults gloat from all sides, we must grease our turrets.

    Whatever floats your boat in life’s white-knuckle ride but not if it’s trump card gloating that sinks everyone who gets in your way.

    I eventually got off my high-horse much to my family’s relief. I surrendered those fake trump cards and am back to the white-knuckle ride and more alive for it.

    https://www.psychologytoday.com/us/b...ump-card-cults
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