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%.
Offsite Linkby Anonymous | reply 23 | July 31, 2020 6:38 PM
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What till the tech stocks report.
Hasn’t their rev been down due to boycotts?
by Anonymous | reply 2 | July 30, 2020 3:10 PM
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So much winning we don't know where to look.
by Anonymous | reply 3 | July 30, 2020 3:13 PM
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This is a bad day on the economic front.
by Anonymous | reply 4 | July 30, 2020 3:16 PM
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Watch and see how Trump spins this to be Obama's fault
by Anonymous | reply 5 | July 30, 2020 3:20 PM
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Big and beautiful stock market, it’s tremendous! Let’s use that $600 stimulus so everyone can play the market.
by Anonymous | reply 6 | July 30, 2020 3:23 PM
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The GDP is down 33% . One third, folks.
by Anonymous | reply 7 | July 30, 2020 3:24 PM
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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 Anonymous | reply 8 | July 30, 2020 3:24 PM
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People on CNBC are desperate for the market to rise. SPX recovering.
by Anonymous | reply 9 | July 30, 2020 3:28 PM
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So how is opening the economy during a pandemic supposed to help the economy again?
by Anonymous | reply 10 | July 30, 2020 3:33 PM
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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 Anonymous | reply 11 | July 30, 2020 3:33 PM
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Anectodal here, but my 401ks have recovered. I have an aggressive portfolio however.
Also, tech stocks, specifically the cloud, are SOARING right now.
by Anonymous | reply 12 | July 30, 2020 3:40 PM
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Anectodal here, but my 401ks have recovered. I have an aggressive portfolio however.
Also, tech stocks, specifically the cloud, are SOARING right now.
by Anonymous | reply 13 | July 30, 2020 3:40 PM
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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 Anonymous | reply 14 | July 30, 2020 3:50 PM
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It’s Obama’s fault!!!!! 🤡
by Anonymous | reply 15 | July 30, 2020 3:54 PM
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CONJob-19; the virus is just a flu! Warm weather will kill it by summahtime!!!
Lez go to the beach!!!
by Anonymous | reply 16 | July 30, 2020 4:29 PM
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If they extend the benefits the market will stabilize.
by Anonymous | reply 19 | July 31, 2020 2:31 PM
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Too late to extend benefits; the Senate adjourned and Mitch McConnell left DC for cooler climes.
by Anonymous | reply 20 | July 31, 2020 2:57 PM
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The senate needs to come back to Washington.
by Anonymous | reply 23 | July 31, 2020 6:38 PM
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