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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 2307/31/2020

Terrible!

by Anonymousreply 107/30/2020

What till the tech stocks report.

Hasn’t their rev been down due to boycotts?

by Anonymousreply 207/30/2020

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

by Anonymousreply 307/30/2020

This is a bad day on the economic front.

by Anonymousreply 407/30/2020

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

by Anonymousreply 507/30/2020

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

by Anonymousreply 607/30/2020

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

by Anonymousreply 707/30/2020

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 807/30/2020

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

by Anonymousreply 907/30/2020

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

by Anonymousreply 1007/30/2020

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 1107/30/2020

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 1207/30/2020

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 1307/30/2020

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 1407/30/2020

It’s Obama’s fault!!!!! 🤡

by Anonymousreply 1507/30/2020

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

Lez go to the beach!!!

by Anonymousreply 1607/30/2020

Continuing today.

by Anonymousreply 1707/31/2020
by Anonymousreply 1807/31/2020

If they extend the benefits the market will stabilize.

by Anonymousreply 1907/31/2020

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

by Anonymousreply 2007/31/2020

Link r20?

by Anonymousreply 2107/31/2020

Shameful.

by Anonymousreply 2207/31/2020

The senate needs to come back to Washington.

by Anonymousreply 2307/31/2020
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