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ffr

(22,670 posts)
Wed Oct 24, 2018, 03:54 PM Oct 2018

Dow tumbles more than 600 points and sheds year-to-date gains amid late-session drop

The Dow Jones Industrial Average late-Wednesday was trading at its lowest level of the session, putting the blue-chip gauge on track to book its third triple-digit loss in succession as fears about a lackluster outlook for corporate earnings and economic growth undercut investor confidence. The Dow DJIA, -2.12% was most recently down 512 points, or 2.1%, at 24,671, with losses in Caterpillar Inc. CAT, -5.51% United Technologies Corp. UTX, -5.74% and Goldman Sachs Group Inc. GS, -4.11% delivering the most potent blow to the price-weighted index with less than a half-hour left in the regular trading day. The Dow's losses saw it erase its year-to-date gain and came even as a rally in Boeing Co. BA, +1.92% produced a brief lift for the benchmark at the start of Wednesday trade, but that advance evaporated fast. - Marketwatch


Update: title updated by Marketwatch

DOW slipping past 650 points down
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Dow tumbles more than 600 points and sheds year-to-date gains amid late-session drop (Original Post) ffr Oct 2018 OP
... Scurrilous Oct 2018 #1
Trump Slump Johnny2X2X Oct 2018 #2

Johnny2X2X

(19,066 posts)
2. Trump Slump
Wed Oct 24, 2018, 04:32 PM
Oct 2018

If you invested in the DOW the day Trump's tax cuts went into effect, you've lost money. Not a coincidence.

We've seen this again and again and again and again from Republicans. Irresponsible tax cuts weighted heavily towards the rich do not help the economy!!!!

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