Dow drops more than 600 points, posts worst day since January as China trade war escalates

At its lows of the day, the Dow fell as much as 719.86 points while the S&P 500 and Nasdaq traded down 2.8% and 3.6%, respectively, at their session lows. The indexes came off their lows in afternoon trading after President Donald Trump said he had not decided whether to slap tariffs on an additional $325 billion in Chinese goods.

Treasury Secretary Steven Mnuchin told CNBC the two countries are "still in negotiations."Trump also said the U.S. is in a "great position," in the negotiations, noting that "our economy has been very powerful; theirs has not been." "Volatility is going to persist. People don't know what to make of it," said JJ Kinahan, chief market strategist at TD Ameritrade. But "this is more of a re-evaluation of stocks than it is a pure panic. Bonds have rallied over the last couple of weeks, but if this was a panic you'd see people coming a lot more for bonds."

"The market was bracing for a really big event and last week we got it," said James Masserio, head of equity derivatives trading in the Americas at Societe Generale. He noted investors had been loading up on downside protection ahead of last week's move. After Monday's news, however, we could see volatility being bid up "even higher."

Source: News Formal (newsformal.com)

Sara isen’s political bias is a “turn off” and takes away from her credibility. She needs to leave her political bias out.

All paper losses I was all in apple no worries

trump and co will make a fortune because they make the rules. pick a stock to deplete and rake in the profits on the uptick.

mpgarza2012 Don't worry ...with the current CrimeFamily in the WhiteHouse I'm sure we will see the record broken again soon. 🤦‍♀️

terminalpreppy1

If my 401K hadn't tanked.. I would sell sell sell. These guys knew

Thank you realDonaldTrump , you are the worst president in US history, we have all worked too hard to lose our retirement money due to your stupidity!

So brutal. Wall Street gave up a tiny portion of its (2% interest rate fueled) ill gotten gain. wallstreet investing stocks StockMarket

operasingerBB Thank you President Trump!

Any theories on what Donald is thinking by crashing the economy the year before his re-election campaign? Is he that stupid? Does he have some reckless plan? There is a certain fringe of his base who hates him but stands by him bc of the economy.

Time for America to find couple of other countries to manufacture products in. We should remove 30% manufacturing jobs from China and give them to South America.

Brutal day? We're less than 5% off all time highs, and S&P was just over 2% today. Dont believe the hype.

mpgarza2012 realDonaldTrump Looks like you're (Vlad's) plan is on track to destroy the US economy (well, everything) so your dictators can take over. If they do, they'll eliminate you & yours immediately. That's what they do with puppets that are meaningless & no longer useful to them.

Didn’t notice, but bitcoin having a fantastic day and week and month and year!

It’s the China trade gitters. Has nothing to do with our economy.

I never feel Sorry for Millionaires

good👍

ClosingBell Brutal cause we have a president playing a game of chicken. There are other ways for the US to diversify manufacturing relationships and solve intellectual property issues. Chicken is a reckless game, usually leading to death of one or both.

TrumpsTradeWoesWorsening 😞😟😒🙄😑😠🥺😬😩😤

It will rebound,I lived through the drop in 80s.That would never happen now.I was terminated that day,I miss Wall St.

mpgarza2012 Now we're winning /s

mpgarza2012 TradeWarsAreEasyMyAss 🤦‍♂️🤦‍♂️

ClosingBell Just the beginning

DJNanaSickBeats It was a brutal day on Wall Street, with plenty of carnage to go around. The Dow closed more than 600 points down, and had shed more than 700 points at its lowest point during the day. The Nasdaq saw its worst day of 2019. On a brighter note, the MOEX was only down 0.24% MRGA

Meanwhile on Cryptostreet ...

EconomicTerrorist OrangeIgnoranus

Blood in the streets GotCrypto? Bitcoin 🌬🔥🔥🔥🚀🌕😎

good

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Dow plunges 600 points as China hits U.S. with $60B in tariffs in response to TrumpDEVELOPING: Dow falls almost 500 points Monday, as China retaliates by slapping tariffs on $60B in US goods. Smoot-Hawley is looking rather apropos.... God help us. This is what happens when all the other countries know you’re a joke of a president. POTUS this could have been done in private. but the spectacle of a trade war had to wipe out many people's wealth. ridiculous. how much leverage do people actually think the US has...
Source: NBCNews - 🏆 10. / 86 Read more »

Dow plunges nearly 600 points as investors fear escalating trade war threatens economyWall Street recoiled Monday as Beijing promised to impose steep tariffs on $60 billion in U.S. goods. The Standard & Poor’s 500 index also was off significantly at the opening bell. realDonaldTrump America First? If there is no second, there is no first... And it's all by choice. Insanity. . DuhnaldTrump PUTINtrump2020 MAGA=ManipulatingAmericasGullibleAspirants GOP=GuzzlingOrangePiss .
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Reuters Top News @ReutersDow down more than 600 points on trade pressure MAGA! stupidity Here ya' go realDonaldTrump More FakeNews I presume? LoserTrump
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Cnbc @CNBCWATCH: Dow plunges 600 points as market sell-off accelerates. Very sad Good ATH tomorrow at 12
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Here's why the Dow dropped 600 points todayThe Dow is having its worst day since January 3. The index is down nearly 600 points, falling below 26,000 points. Instagram is down But... But... trade wars are easy to win... Don’t be scarred
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Dow Extends Decline to More Than 600 Points as Trade Tensions Buffet MarketsU.S. stock declines deepened, with the Dow falling more than 600 points, as investors reacted to a growing likelihood that the White House will follow through on threats to enact tariffs on Chinese goods. But I don’t think there are enough — even on the conservative side of the aisle here — who understand how to properly talk about this, because there’s so much eagerness to criticize Trump. - Rush Limbaugh Thanks Trump for thanking the market. Hmmm. Just trust Trump. Not like he has a history of bankrupting businesses or anything.
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Southern Texas has seen nearly 600% more rainfall than it typically does in early May20 million people in the South are under a flash flood watch today. While floodwaters in Texas, Louisiana and Mississippi have receded since yesterday, more rain is on the way. edlavaCNN reports. edlavaCNN Climate Changers be like: edlavaCNN edlavaCNN next week locusts
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Dow falls 500 points as stocks retreat for second day on U.S.-China tariff worriesStocks lose ground on simmering trade tensions, with U.S. officials confirming that China tariffs would be raised by the end of the week. First market related tweet since 2018 “Trade wars are good and easy to win” lol
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U.S. stocks suffer big across-the-board losses as trade war escalatesWall Street recoiled Monday as Beijing promised to impose steep tariffs on $60 billion in U.S. goods. The Standard & Poor’s 500 index also was off significantly at the opening bell. Make it in a,Erica, hire Americans F China. I don't care Down 600 points - and it's only Monday. How's that republican Pres workin for ya now?
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