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DonViejo

(60,536 posts)
Thu Feb 8, 2018, 01:45 PM Feb 2018

Dow sheds more than 500 points on specter of higher interest rates

Source: The Washington Post




By Thomas Heath February 8 at 12:20 PM

U.S. stocks opened down and slid lower in morning trading on Thursday, as volatility kept the markets in its grip.

The Dow Jones industrial average tipped more than 500 points into the red, down around 2 percent during the late morning as fears deepened over rising interest rates.

The technology-laden Nasdaq and the broad Standard & Poor’s 500-stock index also drifted lower in early trading, the seventh down day in the past nine for the S&P 500. The three major indexes are down about 3.5 percent this week. And the 2018 gains for the Dow and S&P have been wiped out.

European stocks saw across-the-board losses, led by the Germany’s blue-chip DAX, which lost 2.6 percent, or 330 points. Most Asia indexes were positive overnight.

Read more: https://www.washingtonpost.com/business/economy/us-stocks-fight-to-pick-up-any-ground/2018/02/08/08cbda2a-0ce0-11e8-8b0d-891602206fb7_story.html

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Dow sheds more than 500 points on specter of higher interest rates (Original Post) DonViejo Feb 2018 OP
"We didn't see this coming! We were blindsighted! The fundamentals!" The_Casual_Observer Feb 2018 #1
"Bond yields are rising as the Federal Reserve trims its U.S. bond holdings." IronLionZion Feb 2018 #2
"Stock market, are you listening?" bucolic_frolic Feb 2018 #3
600 now. ret5hd Feb 2018 #4
DeutscheBank has been down 10 days bucolic_frolic Feb 2018 #5
Helm, make our depth 500! djacq Feb 2018 #6
For what some people gained from tax cuts videohead5 Feb 2018 #7
I would bet you the Trump supporters have a ton of debt. redstatebluegirl Feb 2018 #8
Stock market is for suckers gyroscope Feb 2018 #9
*Pshume* DOW off 900+ points ffr Feb 2018 #10
1000 and falling ffr Feb 2018 #11
Closed down 1,040. Hortensis Feb 2018 #12

IronLionZion

(45,547 posts)
2. "Bond yields are rising as the Federal Reserve trims its U.S. bond holdings."
Thu Feb 8, 2018, 01:53 PM
Feb 2018

"The Treasury is also having to borrow more money, partly because of the tax cuts, and issuing more debt tends to raise yields."

Also lots of spelling errors throughout the article. Somebody at WaPo forgot to run spell check.

videohead5

(2,181 posts)
7. For what some people gained from tax cuts
Thu Feb 8, 2018, 02:32 PM
Feb 2018

If they have a 401k they have probably lost most of it if not all.

redstatebluegirl

(12,265 posts)
8. I would bet you the Trump supporters have a ton of debt.
Thu Feb 8, 2018, 02:47 PM
Feb 2018

What are they going to think when their credit card minimums go up a ton when the rates increase. When they can't afford to buy a car because of the rate increase.

 

gyroscope

(1,443 posts)
9. Stock market is for suckers
Thu Feb 8, 2018, 04:27 PM
Feb 2018

even when the economy is very strong, low unemployment, relatively high wages, most or all the S&P 500 companies are in the black, etc. it can suddenly sink like a rock for no apparent reason. there is not much rhyme or reason to it. and who knows what the people who run the companies do with your money anyway. they may put it in the company or move it to the Caymans, give themselves multi-million dollar bonuses instead of re-investing who knows.

people with IRAs and 401ks are getting wiped out right now. you might as well take all your money to Vegas and bet it all at the roulette wheel.



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