Markets tumble as Dow closes more than 200 points lower

[George II]

Source: CNBC

U.S. equities fell on Tuesday, the first trading day of the week, as tension between North Korea and the West sent jitters down Wall Street.

The Dow Jones industrial average dropped about 220 points, with United Technologies and Goldman Sachs contributing the most to the losses. United Technologies' stock dropped after announcing a $30 billion mega-deal to buy Rockwell Collins. Boeing was also a large contributor of losses.

The S&P 500 pulled back 0.8 percent, with financials on track for their worst day since May 17. Insurers XL Group and Everest Re Group were among the biggest decliners in the index as the threat of Hurricane Irma hitting Florida increased. Overall, the insurance space was on track for its worst day since June 27, 2016.

The Nasdaq composite declined 0.9 percent as shares of Apple, Amazon, Facebook and Alphabet all dropped.

Read more: https://www.cnbc.com/2017/09/05/us-stocks-north-korea-economy.html

[Warpy]

1. Oh, goody, all stuff I don't own.

I think my dad would be pleased. He spent most days glued to the stock market ticker (you know, like he was playing the ponies) and complaining that so many of his stocks were lousy picks.

I'd have to tell him they are stable lousy picks that pay dividends and for that, I'm extremely grateful.

[Bengus81]

2. Hmmm...could be one day that Trump doesn't mention the DOW performance in a tweet nt

[Javaman]

3. wait for the financial crater if the orange jerk starts a war.

permanent recession.

[PoindexterOglethorpe]

4. Wow!

Almost a one percent drop! SELL SELL SELL.

Oh, wait. A one percent drop? If it keeps on dropping one percent a day for a couple of weeks, then get worried. Meanwhile, this is hardly a "tumble".

Keep in mind: stock prices go up. Stock prices go down. In the long run they go up more than they go down. I believe people here posted back in November that they were getting entirely out of the market. The Dow has risen more than 10 percent since then.

Also, keep in mind that the rebuilding that's going to be needed in the weeks and years to come, what with Harvey, Irma, and maybe even Jose, will lift certain stocks a lot.

[The Mouth]

5. An old, and wealthy friend and neighbor once said

"the stock market is the only place where people run AWAY when they're having a sale".

[PoindexterOglethorpe]

18. That's perfect.

And it's exactly what people do.

I'm no investment genius. I have a bit of money and an investment advisor, and he's done well for me over the years. And he doesn't jump in and out of the market, either.

[TeamPooka]

6. When will Wall Street realize there's an idiot running the country they can't count on?

[davsand]

7. Pretty sure the DACA announcement hasn't helped any either.

Look for a serious impact from that.


Laura

[George II]

9. That was my thought. Some of the companies that were....

...against it were down.

[davsand]

10. Watch the backlash play out.

They know how this will play out on the economy. He needs the congressional GOP to save him, and he's willing to roll the dice with all these people's lives as well as our economy just so he can throw red meat to his racist supporters. He will claim a policy victory when the Dems work with sane GOP members to do the humane thing.

It's sad.

Laura

[Achilleaze]

8. Trump Slump (R)

republicans always crash the economy. That's a fact, Jack.

[elleng]

15. Sure is.

[George II]

17. The thing is that he's been riding on Obama's coat tails, as well as Obama's policies...

...keeping unemployment down. The ONLY reason unemployment is still low is due to Obama's 75 consecutive months (an all-time record) of job growth.

Thanks Obama!

[C_U_L8R]

11. Downmarket Donnie

this dope is nothing but bad news.

[sakabatou]

12. We're gonna get another recession, aren't we?

[jmowreader]

21. We are. And it's going to be bad.

[modrepub]

13. We aren't even in October yet

And this fool and his Congress have yet to face a non-self inflicted crisis

[Ligyron]

14. and that's a scary thought.

[former9thward]

16. Why is there never a post when the market jumps?

Just curious...

[RandiFan1290]

19. We've been talking about the market going up the past 8 years

How come you never took part in those threads?

[former9thward]

20. Do a search.

I contribute to market threads all the time. I have always maintained the market is largely independent of whoever is President. I guessed you missed those posts for some reason...

[Judi Lynn]

22. If you notice DU is missing a market jump post, please do opt to post it yourself.

Makes a lot more sense than trying to accuse DU'ers of only posting bad market news during Republican pResidencies.

It would show quite a bit more maturity.

[former9thward]

24. As I said to the other poster who replied to me -- Do a search.

[LanternWaste]

25. There are...

There are, regardless of whether we allege they do not exist.

Just answering...

[Judi Lynn]

23. Thanks for your post. n/t