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DemocratSinceBirth

(99,710 posts) Wed Oct 10, 2018, 02:40 PM Oct 2018

October Surprise ?


Dow drops more than 500 points
Source: Yahoo news


Stocks slumped Wednesday while Treasury yields continued to rise.

Yields on the 10-year Treasury note climbed to 3.214%, while the 30-year yield edged higher to 3.382%. The higher yields put downward pressure on stocks, with the S&P 500 posting decreases for its fifth straight day.

The S&P 500 (^GSPC) fell 1.98%, or 56.48 points at 2:10 p.m. ET. The Dow (^DJI) fell 1.96%, or 513.93 points. The Nasdaq (^IXIC) slipped 2.37%, or 180.1 points.




https://finance.yahoo.com/news/dow-drops-200-points-treasury-yields-move-higher-141746422.html


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October Surprise ? (Original Post) DemocratSinceBirth Oct 2018 OP
It'll need to keep having significant declines for several days for it to have a public impact. bearsfootball516 Oct 2018 #1
Wow, 24,000. BigmanPigman Oct 2018 #2
Clearly Obama's fault! n-t Ernesto Oct 2018 #3

bearsfootball516

(6,377 posts)
1. It'll need to keep having significant declines for several days for it to have a public impact.
Reply to DemocratSinceBirth (Original post)
Wed Oct 10, 2018, 02:45 PM
Oct 2018

I imagine a lot of it is to do with Ford announcing it's upcoming layoffs of 24,000 due to tariffs. Markets aren't going to like that.

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BigmanPigman

(51,598 posts)
2. Wow, 24,000.
Reply to bearsfootball516 (Reply #1)
Wed Oct 10, 2018, 02:59 PM
Oct 2018

I read they had a $1 billion loss due to the tariffs and were laying off, but I didn't know the number. I hope that is 24,000 votes against the GOP. Probably more since the layed off people have family and friends who will not be happy. And Sears is going bankrupt too.

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