Dow drops 190 points after Trump's top economic adviser Gary Cohn resigns Posted in the Erie Forum

[orangecrush]

Dow drops 190 points after Trump's top economic adviser Gary Cohn resigns
Posted in the Erie Forum


NEW YORK — U.S. stocks are sinking Wednesday as investors worry that more protectionist trade policies are on the way. Gary Cohn, the top economic adviser to President Donald Trump, resigned after he opposed the administration's planned tariffs on imports of steel and aluminum. Trump also suggested the U.S. could impose penalties on China as part of intellectual property disputes.

In this April 26, 2017, file photo, National Economic Director Gary Cohn speaks in the briefing room of the White House.
Carolyn Kaster, AP
Industrial companies like Caterpillar and Boeing are taking some of the worst losses. Retailers are sinking after weak results and a disappointing annual forecast from discount chain Dollar Tree and energy companies are falling with oil prices.

https://amp.usatoday.com/amp/402454002

MAGA!

[A HERETIC I AM]

1. Down 76 for the day at 3:30

Boeing is only down less than a half of one percent.

It seems as if the market is shrugging it off

[CincyDem]

2. True when the story was written but at this point, the market appears to be say "meh"...

...as of 3:32pm EST, the broader market (SP500) is green vs. yesterday's close. Not looking at any individual positions but if your 401k is in SPY or any of the other broad general market indices, you go home from work today no worse, maybe trivially better, than you went home last night.

Feels like the street is banking on congress to do something about the tariff questions. We'll see.

[SoCalMusicLover]

3. They Cleaned That Up Nicely

On to the next battle.