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Stocks extend losses amid record GDP plunge, with the Dow dropping 500 points

Stocks fell sharply on Thursday as big technology shares declined ahead of their earnings reports after the bell. Investors also digested a record drop in GDP.

The Dow Jones Industrial Average traded 500 points lower, or 1.9%. The S&P 500 slid 1.5%. The Nasdaq Composite dropped 1.1%.

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by Anonymousreply 23July 31, 2020 6:38 PM

Terrible!

by Anonymousreply 1July 30, 2020 3:05 PM

What till the tech stocks report.

Hasn’t their rev been down due to boycotts?

by Anonymousreply 2July 30, 2020 3:10 PM

So much winning we don't know where to look.

by Anonymousreply 3July 30, 2020 3:13 PM

This is a bad day on the economic front.

by Anonymousreply 4July 30, 2020 3:16 PM

Watch and see how Trump spins this to be Obama's fault

by Anonymousreply 5July 30, 2020 3:20 PM

Big and beautiful stock market, it’s tremendous! Let’s use that $600 stimulus so everyone can play the market.

by Anonymousreply 6July 30, 2020 3:23 PM

The GDP is down 33% . One third, folks.

by Anonymousreply 7July 30, 2020 3:24 PM

Many wealthy suburbanites still are Trumpsters because their 401Ks haven't taken a hit yet. If white surburban voters 401ks tank, Trump will be DOA in November.

by Anonymousreply 8July 30, 2020 3:24 PM

People on CNBC are desperate for the market to rise. SPX recovering.

by Anonymousreply 9July 30, 2020 3:28 PM

So how is opening the economy during a pandemic supposed to help the economy again?

by Anonymousreply 10July 30, 2020 3:33 PM

How could their 401Ks not taken a hit. Mine sure as hell did - I am barely back to my February levels and that is due to my OWN contributions, not due to anything major the market did.

by Anonymousreply 11July 30, 2020 3:33 PM

Anectodal here, but my 401ks have recovered. I have an aggressive portfolio however.

Also, tech stocks, specifically the cloud, are SOARING right now.

by Anonymousreply 12July 30, 2020 3:40 PM

Anectodal here, but my 401ks have recovered. I have an aggressive portfolio however.

Also, tech stocks, specifically the cloud, are SOARING right now.

by Anonymousreply 13July 30, 2020 3:40 PM

There are too many days like this, where everything that can go wrong will go wrong. The GDP, stock market, Herman Cain, Trump's threat to delay the election, and it's not even noon.

by Anonymousreply 14July 30, 2020 3:50 PM

It’s Obama’s fault!!!!! 🤡

by Anonymousreply 15July 30, 2020 3:54 PM

CONJob-19; the virus is just a flu! Warm weather will kill it by summahtime!!!

Lez go to the beach!!!

by Anonymousreply 16July 30, 2020 4:29 PM

Continuing today.

by Anonymousreply 17July 31, 2020 2:13 PM
by Anonymousreply 18July 31, 2020 2:19 PM

If they extend the benefits the market will stabilize.

by Anonymousreply 19July 31, 2020 2:31 PM

Too late to extend benefits; the Senate adjourned and Mitch McConnell left DC for cooler climes.

by Anonymousreply 20July 31, 2020 2:57 PM

Link r20?

by Anonymousreply 21July 31, 2020 4:22 PM

Shameful.

by Anonymousreply 22July 31, 2020 6:01 PM

The senate needs to come back to Washington.

by Anonymousreply 23July 31, 2020 6:38 PM
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