US Dow Stock Futures fall 600 points.

[Tomconroy]

From CNBC this AM:

U.S. stock futures fell early Monday morning as rates jumped and Wall Street braced for a key Federal Reserve meeting later in the week.

Futures tied to the Dow Jones Industrial Average dropped 600 points, or 2%. Nasdaq 100 futures tumbled 3%, and S&P 500 futures fell 2.5%.


The major averages last week posted their biggest weekly declines since late January. The Dow and S&P 500 fell 4.6% and 5.1%, respectively, while the Nasdaq Composite lost 5.6%.

A chunk of those losses came Friday, when hotter-than-expected U.S. inflation data spooked investors. The Dow dropped 880 points, or 2.7%. The S&P 500 and Nasdaq lost 2.9% and 3.5%, respectively.


OUCH!

[Joinfortmill]

1. Not good.

[Walleye]

2. Sickening

[BSdetect]

3. These are times unlike others. There is much to explain how the future will improve.

Record unemploymemt, govt surplus, massive inventories (supply chains), converging new technologies (AI, solar, medical research etc)

The stock market will rise again.

Long term thinking helps allay fears re stocks.

[Chainfire]

5. However, a 4th quarter recession will be a windfall to Republicans.

[oioioi]

6. Climate change impacts could eclipse the Great Depression

[Beachnutt]

4. Redbox is soaring though

unreal short squeeze happening.