Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Yo_Mama_Been_Loggin

(108,212 posts)
Wed Oct 28, 2020, 09:24 PM Oct 2020

The Dow Jones and the S&P 500 just experienced their worst day since June

As COVID-19 cases climb in the United States, the Dow Jones Industrial Average and the S&P 500 just took a dive during their worst day in several months.

The Dow on Wednesday fell 943 points as the S&P 500 dropped 3.5 percent, the worst day for each since June 11, CNBC reports. The Nasdaq Composite also had its worst day since early September, dropping 3.7 percent, according to CNN.

Less than a week ahead of the 2020 presidential election, the Dow is "down nearly 9 percent since Sept. 2.," The Washington Post writes.

This comes as the U.S. has been seeing an uptick in COVID-19 cases, recently setting a record for most new infections reported in one day with over 83,000. Dr. Anthony Fauci, the nation's top infectious disease expert, this week warned that the U.S. is "getting worse and worse" and that "the numbers speak for themselves."

https://www.yahoo.com/news/dow-jones-p-500-just-211045422.html

Heckuva job Trumpy.

4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
The Dow Jones and the S&P 500 just experienced their worst day since June (Original Post) Yo_Mama_Been_Loggin Oct 2020 OP
In trump's mind the stock market is the economy, not so much for regular people captain queeg Oct 2020 #1
I know it's not the economy, but I really hope it keeps tanking for the next few business days. smirkymonkey Oct 2020 #2
Agreed I'd like to see it keep going lower till Election Day captain queeg Oct 2020 #3
Mini Future is up 240 at the moment A HERETIC I AM Oct 2020 #4

captain queeg

(10,247 posts)
1. In trump's mind the stock market is the economy, not so much for regular people
Wed Oct 28, 2020, 09:37 PM
Oct 2020

But its always been his go to brag. If market keeps tanking what else will he brag about? Besides defeating covid of course.

 

smirkymonkey

(63,221 posts)
2. I know it's not the economy, but I really hope it keeps tanking for the next few business days.
Wed Oct 28, 2020, 09:41 PM
Oct 2020

It is the perception of what a plummeting stock market means that will matter to people. It will shake their faith in him. It will eventually correct itself, but I would be very happy if it continues it's downward trend until at least Tuesday at the closing bell.

captain queeg

(10,247 posts)
3. Agreed I'd like to see it keep going lower till Election Day
Wed Oct 28, 2020, 11:01 PM
Oct 2020

Then a rebound after Joe wins. That would relly get to agent orange.

Latest Discussions»General Discussion»The Dow Jones and the S&P...