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cm0002@lemmy.world to United States | News & Politics@midwest.social · 1 month ago

S&P 500 Has Worst Day Since June 2020 as Trade War Sets Off Slump

www.nytimes.com

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S&P 500 Has Worst Day Since June 2020 as Trade War Sets Off Slump

www.nytimes.com

cm0002@lemmy.world to United States | News & Politics@midwest.social · 1 month ago
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Trade War Sets Off ‘Max Pessimism’ in Global Markets as Stocks Plunge
www.nytimes.com
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The S&P 500 fell almost 5 percent on Thursday, its worst drop since June 2020, as President Trump’s higher-than-expected tariffs set off another round of economic worry.

https://archive.ph/WNlaP

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  • MantisToboggon@lazysoci.al
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    1 month ago

    Man what dumbass was running shit then??

  • baldingpudenda@lemmy.world
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    1 month ago

    Headline should be, s&p has worst fall since trump was last in office

  • sin_free_for_00_days@sopuli.xyz
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    1 month ago

    Everyone with any education on economics or history knew this would be the result. The magat brain trust thinks they are actually smart and played themselves. Again.

    • vga@sopuli.xyz
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      1 month ago

      Or they knew this was coming and shorted the shit out of everything.

      • sin_free_for_00_days@sopuli.xyz
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        1 month ago

        Yeah, that wouldn’t surprise me.

  • 1984@lemmy.today
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    1 month ago

    Good sale for the Russians to buy at bottom and make tons of cash.

  • Viking_Hippie@lemmy.dbzer0.com
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    1 month ago

    Wtf is going on with Japan, though? Judging by the graph, their stock market is plummeting much faster! Is their current government anywhere near as maliciously incompetent as the US one?

  • Ascrod@midwest.social
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    1 month ago

    I think someone else coined the term “Trump Slump” but man is it just perfect.

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