Dow drops 500 points after record-breaking rally

[TomCADem]

Source: The Hill

Stocks dropped sharply Thursday morning as the Dow Jones Industrial Average lost 500 points one day after a historic rally

The Dow, Nasdaq composite and S&P 500 were down roughly 2 percent by 10:25 a.m. Thursday, a day after stocks surged to erase record losses.

The Dow gained a record-high 1,086 points Wednesday and the S&P rose 5 percent to escape from a bear market.

President Trump's spiraling anger with the Federal Reserve and a government shutdown with no end in sight have set the stock market on track for its worst December since 1931. Stocks have slipped into the red for 2018 after soaring from Trump's election through the second half of this year.

Read more: https://www.google.com/amp/s/thehill.com/policy/finance/422978-dow-drops-500-points-after-record-breaking-rally%3famp

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If the DOW drops below 21,400, we will be in a Bear market.

[maxsolomon]

1. I expect them to flirt with the Bear Market line for a while.

Up, down, up, down. Wheee!

At least till next week when shit gets real in DC.

[no_hypocrisy]

2. 580 now

[no_hypocrisy]

3. Make that 600

[IronLionZion]

4. We can get whiplash from this rollercoaster ride

But of course Trump's buddies are getting rich from this since they know when his idiotic nonsense will shift the markets

[sdfernando]

5. Well yesterday

The orange pustule was out of the country and today it’s back.....coincidence?

[Vidal]

6. So premature to post this

It is now in positive territory for the day.

You should not post about the stock market until the end of the day.

[Hoyt]

7. Go figure, up 250 at closing.