China's benchmark Shanghai Composite index dived Monday after President Trump threatened to impose more tariffs on Chinese goods. By Thomas Heath Thomas Heath Local business reporter and columnist, writing about entrepreneurs and companies in the Washington metropolitan area Email Bio Follow May 6 at 9:33 AM U. S. markets tumbled Monday as global fears of a trade meltdown between the U.S. and China resurrected worries of an economic slowdown.
The president threatened to increase tariffs from 10 percent to 25 percent on $200 billion worth of Chinese goods on Friday, then follow up with a new 25 percent fee on all remaining Chinese imports “shortly” thereafter. The surprise move jeopardized talks as the two largest economies in the world appeared headed for a deal.
The market volatility returned after a relatively peaceful first four months of the year that saw corporate earnings grow and the markets grow with them — with some touching all-time highs. The Dow is up 13.6 percent in the first four months and the Nasdaq has climbed a startling 23 percent, mostly on the back of the FAANG stocks — Facebook, Amazon, Apple, Netflix and Google parent Alphabet.
Traded up all day. Bad headline; misleading
MargieRosenzwe2 🤡🇷🇺⛳️💰👑🐴🙄
U do know he did it on purpose so some of his cronies could take short positions in stock market & make a fortune?
So. Much. Winning.
WHAT'S UP with new tweet format that has too many click-thrus?
Lol - this zero-to-chickenlittle in 0.6 seconds forecasting worked so well for you after the election
A little over 1%, very normal market movement, fake news.
The SEC and House of Representitives needs to check to see if Trump and any of his family, aliies, or other insiders, like Larry Kudlow, profited from advance warning of his tweet. Did he tip off Putin in their phone call? RepAdamSchiff SpeakerPelosi
All I can say is I hope someone at the SEC is keeping an eye on Trump family brokerage accounts. I have a hard time believing they could resist the temptation to trade on his tweets ahead of the rest of us.
So much winning!!!
Adding fresh cash to Trump and his allies investment accounts. How much money can you make selling short if you have insider knowledge of an event that will change the stock market? Something like a presidential tweet could prompt a sell off. Someone should look into this.
Meh, that’s like 1.7% of its total number, and it will likely make that tiny deficit up before the week is out.
All the idiots on here shooting their mouths! Do you invest? Do you know how to? Do you understand the market is double of what Obama gave us. Sit down and let the man do his job!
Good day to buy!!!!! Jump in
Dow goes up. Dow goes down. It only affects rich ppl. Trump gaslighting made the Dow a key indicator of economic health. It is not—unless you make your living off of stock dividends or other direct activity. Regular Americans don’t. Another Trump con.
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