Biden's never-ending assault on your investment portfolio

[SugarDaddy1]

NEW YORK -- The Dow Jones Industrial Average sank more than 1,100 points and the S&P 500 had its biggest drop in nearly two years Wednesday, as big earnings misses by Target and other major retailers stoked investors' fears that surging inflation could cut deeply into corporate profits.

All told, more than 95% of stocks in the S&P 500 closed lower. Utilities also weighed down the index, though not nearly as much as the other 10 sectors, as investors shifted money to investments that are considered less risky.

The Federal Reserve is trying to temper the impact from the highest inflation in four decades by raising interest rates. On Tuesday, Fed Chair Jerome Powell told a Wall Street Journal conference that the U.S. central bank will "have to consider moving more aggressively" if inflation fails to ease after earlier rate hikes.

https://abc7chicago.com/stocks-wall-street-dow-jones-sp/11865595/

 

[HisArpy]

It's all Trump's fault. Somehow.

 

[SugarDaddy1]

After a promising start to morning trading, the major stock indexes turned sharply negative Friday with the S&P 500 tumbling into bear market territory and the Dow Jones Industrial Average setting up for the longest streak of weekly losses since the Great Depression.

The Dow was off by 1.6 percent by midday Friday, which brings its weekly decline to 4.11 percent. Barring a dramatic turnaround, this will be the eighth consecutive weekly loss for the index. That would be the longest losing streak since 1932.

The S&P 500 was down 1.9 percent for the day and 4.5 percent for the week. This is the seventh weekly loss for the broad index, the most since 2001. Compared with its January high, the S&P is down 20 percent. If it closes at this level, it will officially be a bear market.

https://www.breitbart.com/economy/2...-average-on-longest-losing-streak-since-1932/

 

[ll74]

It's fun to watch you argue with your own hypothetical left person.

 

[Chernosoth]

Blaming executive incompetence can be gratifying, but that is generally what empires have in decline. Now we're entering a steeper phase of decline that could last ten years as the nation loses global currency status and cheap fossil fuels. All sorts of money-for-nothing schemes will be reduced or eliminated: investments, welfare, etc.