Dow drops 300 points at the open on trade-war worries

[Yo_Mama_Been_Loggin]

U.S. stocks opened sharply lower on Friday on fears that a trade war could take place after President Donald Trump announced tariffs on steel and aluminum imports.

The Dow Jones industrial average fell 270 points at the open. The S&P 500 declined 0.6 percent, with tech as the worst-performing sector. The Nasdaq composite declined 0.8 percent.

Trump made the announcement on Thursday, noting the U.S. will implement a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports next week. The news sent stocks reeling, with the Dow closing 420 points lower, while the S&P 500 and Nasdaq dropped more than 1 percent. It also raised concern that other countries may implement retaliatory tariffs on U.S. exports.

"Clearly, the environment has changed dramatically since the beginning of the year," said Adam Sarhan, CEO of 50 Park Investments. "Fundamentally, you have more bearish dominoes falling."

https://www.msn.com/en-us/money/markets/dow-drops-more-than-200-points-at-the-open-on-trade-war-worries/ar-BBJMiMA?li=BBmkt5R&ocid=spartandhp

So much winning.

[C_U_L8R]

1. Heckova job Trumpie

Somebody's winning but it's not us. I wonder if his Trump Corp moles are shorting stocks

[Major Nikon]

3. The biggest losers are going to ultimately be the farm states

Agriculture exports are the most vulnerable to trade war. At least you'll be able to pick up a MAGA hat on the cheap at their yard sales when they all go broke. Might make for a good souvenir. You can show it to your grandkids and tell them you were there when the wheels came off.

[Major Nikon]

2. It's all fun and games until someone loses a billion $