Dow tumbles more than 200 points in wild session, S&P 500 closes in correction territory
Source: CNBC
Stocks closed lower on Monday, giving up sharp gains from earlier in the day in a wild session that saw the Dow Jones Industrial Average travel more than 900 points. The S&P 500 closed in correction territory, down 10 percent from its recent high.
Traders blamed the possibility of more U.S.-China tariffs coupled with a drop in tech shares for the decline.
The Dow fell 245.39 points to 24,442.92, erasing a 352-point gain, as Boeing dropped 6.6 percent. At the lows of the day, the Dow was down 566 points before coming back shortly before the close. The 30-stock index also briefly dipped into correction territory.
The S&P 500 closed 0.7 percent lower at 2,641.25 after gaining more than 1 percent earlier in the day. The benchmark is now down 10.2 percent from its high reached at the end of September. The Nasdaq Composite fell 1.6 percent to 7,050.29 as shares of Amazon got pounded.
Read more: https://www.cnbc.com/2018/10/29/stock-market-dow-futures-seen-lower-amid-earnings-season-worries.html
I guess we should hold our breath until Trump takes the blame for the ongoing stock market plunge?
https://www.cnbc.com/2018/01/04/trump-on-dow-25000-i-guess-our-new-number-is-30000.html
Trump takes credit for Dow 25,000, says ‘I guess our new number is 30,000’
With the Dow breaking 25,000 for the first time, President Donald Trump is taking credit and hoping for more gains.
“I guess our new number is 30,000,” Trump told reporters Thursday. “There were those that said we wouldn’t break 25,000 by the end of the eighth year [of my administration], and we’re in the 11th month.”
The 30-stock index reached the milestone after the release of strong jobs data. The U.S. private sector added 250,000 jobs in December, ADP and Moody’s Analytics reported before the opening bell on Thursday. Economists polled by Reuters expected a gain of 190,000.
Equities have risen sharply since Trump was elected in November 2016. In that time period, the Dow has shot up 36 percent, while the S&P 500 is up 27 percent. Trump has touted the market’s surge throughout his presidency, unlike his predecessors. Since his inauguration on Jan. 20, Trump has tweeted about the stock market 52 times.
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This is all due to Hillary's emails, Obama's birth certificate, and the invasion of our southern border by millions of blood thirsty Hondurans! As if it's needed, 
You never know these days.
