Stocks tumble again as trade war worries linger

[Yo_Mama_Been_Loggin]

Stocks fell sharply Thursday as U.S.-China trade worries persisted, with more companies suspending business with Chinese telecom giant Huawei.

The Dow tumbled more than 400 points as Chevron and Exxon Mobil lagged. The S&P 500 fell 1.6%, while the Nasdaq sank 2%.

“The trade landscape looks bleaker than ever,” said Adam Crisafulli, the executive director at J.P. Morgan, in a note. “Anyone bullish on the SPX has to be conducting a lot of soul searching at the moment.”

Crisafulli also pointed out that flash PMIs indicate that an economic rebound from earlier this year is “showing signs of attenuating” while the Federal Reserve is in no hurry to cut rates.

https://www.msn.com/en-us/money/markets/stocks-tumble-again-as-trade-war-worries-linger/ar-AABClbE?li=BBnbfcN

Wonder how bad a hit my retirement accounts have taken today.

[Iliyah]

1. I hope not much per your retirement accounts . .

Which company or companies will compensate for Huawei? Isn't majority of the I-phones made in China?

June 1 is creeping up although the cost of living has been rising for sometime now.

[Nuggets]

2. This is beginning to look like market manipulation

For over a week we’re hearing almost at a deal, then China reneged raising tariffs 25%, then talks going well to not going well every other day.

This isn’t how to negotiate but it sure does make the market volatile.

[ck4829]

3. Kick