What caused the Dow to drop 1600 plus this morning that was fixed by 4:00 p.m.???

[SamKnause]

At the end of trading it was only down by 349.

[underpants]

1. Good.

[J_William_Ryan]

2. Hardly 'fixed.'

The stock market has lost $9.6 trillion since Trump took office.

[Meowmee]

6. It jumped after he was elected with the high in end of January

That was the time to get out into safer protected accounts with 4% return and some also have guarantee of the principle. You can always go back in if it ever stabilizes if you want to .

[Best_man23]

3. I'm more interested in the sudden spike up that happened around 10:15 this morning

Apparently someone claiming they had "inside information" from the Convicted Felon's junta saying they were contemplating a 90-day hold on the tariffs caused the markets to rise around 4-5% for about 20 minutes or so.

Me thinks this was done so some folks could do one of two things:

1. Market sell some positions they had while getting some profit, or

2. Set up short sales of stocks, since you normally have to wait until a stock rises before you can short the position.

A normally functioning SEC would be all over this, but in the Convicted Felon's junta....

[Scrivener7]

13. CNBC admitted they put that on a crawl by mistake. But yes, that doesn't preclude what you are saying.

[taxi]

4. Krasnov isn't the genius he thinks he is.

There may be some in the game waiting for him to act, or not act, that will improve their own position. Like they say, when your enemy is making a mistake, let him.

[Meowmee]

5. I don't know didn't watch it but apparently it is not fixed- apparently DJ closed at -349 at 37,965

Last edited Mon Apr 7, 2025, 05:41 PM - Edit history (2)

I think it was around 37,000 Friday(Dow Jones). I think there will continue to be more fluctuation as psycho keeps jerking it and us around.

Here are the numbers for:

S&P 500 (^GSPC)
View Quote Details
5,062.25
-11.83
(-0.23%)

Nasdaq Composite
15,603.26
+15.48 (0.099%)today

[montanacowboy]

7. The rumor

that Dump was going to pause tariffs for 90 days?

[Bonx]

8. People realized Jim Cramer is a bad bet.

[onenote]

9. It fluctuated pretty wildly much of the day

Down 1600 at 9:45, up 880 at 10:20, down 906 at 10:40, down 15 at 11:05, down 1036 at 11:30. The rest of the day it fluctuated between 930 down and 97 down before closing down 349.

Why? Uncertainty.

[JohnSJ]

10. Probably short covering to take profits.

[W_HAMILTON]

11. I don't know, but it's a sad state of affairs when people are relieved that the stock market dropped ONLY 300+ points.

[SamKnause]

14. That has nothing to do with my question.

What was so horrible or wrong at 9:30 a.m. that it dropped 1600+ ???

What changed that made it recover 1200+ points by 4:30 p.m. ???

[nitpicked]

12. IMO

The markets were initially afraid of the prospect of more tariffs, but not only Thump but foreigners signaled that efforts would happen to try to reach compromises about tariffs.

[ProfessorGAC]

15. Others Already Mentioned Some...

...of the things I thought, but I'll add there may be some bargain hunting by less bearish institutional investors who were intending long term holdings.

[uponit7771]

16. Short squeeze based off of White House lie about 90 day hold on tariffs

[GP6971]

19. Wait until tomorrow. You do know what tomorrow is...right?

[GP6971]

21. I'm really surprised you don't know. You should look it up.