Dow futures point to a more than 1,000-point fall at the open
Source: cnbc
Stocks looked set for another rocky opening and a volatile trading day Tuesday.
Stock futures slid into negative territory in Monday evening trade: Dow futures were down 633 points, and S&P 500 futures were lower by 57 points.
The implied open for the Dow, based on the futures, was a decline of 1,010.75.
Read more: https://www.cnbc.com/2018/02/05/sell-off-continues-after-hours--sp-500-futures-now-down-6-percent-on-the-day.html
just because its down now it could change by a lot before the morning but im hearing rumors of some etf's liquidating after the close which is fueling the plunge.
SWBTATTReg
(22,171 posts)Covering their asses...too late...
Pardon my language...
yallerdawg
(16,104 posts)Bloomberg is pointing out the Dow dropped at inhuman speed.
And this is still on the jackass in the White House - and will be on his permanent record for all time!
DBoon
(22,400 posts)they allow use to make more bad mistakes quicker
C Moon
(12,221 posts)it will bode very well for the GOP.
...I'm always paranoid that they are up to something.
It will be like Alabama, and Virginia .
And Republicans are ALWAYS up to something.
TomCADem
(17,390 posts)...Social Security, Etc.?
Look at Kansas. As the state sank deeper and deeper into recession, Republicans kept on doubling down on the same harmful economic policies, and the people continued to vote for Republicans.
DBoon
(22,400 posts)Big finance ruins the country. Who is asked to pay for it? Pensioners!
Just say no to austerity
MarcA
(2,195 posts)to end the New Deal and democratic governance. How much of this
is being done in the market "correction" remains to be seen.
dalton99a
(81,607 posts)Now the reason our stock market falls is because of Obama!
ffr
(22,672 posts)You have to wonder if the Russian oligarchs have shadow LLCs that drove the market up and now they're selling off in an effort to profit take and destroy $Trillions in global investments.
TomCADem
(17,390 posts)Dubya's tax cuts and deregulation were able to generate a bubble, which blew up spectactularly in 2008:
?w=600
Conversely, despite 8 years of improvement, the financial press never acknowledged that President Obama helped save the U.S. from a Great Depression despite 8 steady years of improvement in the DOW.
?w=600
progree
(10,920 posts)homegirl
(1,434 posts)In ways large and small, reality is catching up with Trump.
In the same State of the Union address, Trump boasted that African American unemployment stands at the lowest rate ever recorded. (Never mind that this continued an eight-year trend.) Barely 60 hours later, Trumps Labor Department reported that this boast was no longer true: Black unemployment swelled to 7.7 percent in January from 6.8 percent in December.
Reality also threatens to upend Trumps claim that the infamous Devin Nunes memo vindicated him in the Russia probe. Now Trump faces an unpalatable choice declassify a Democratic rebuttal showing the memo was out of context or refuse to release it and appear to be concealing something.
But perhaps nowhere does reality threaten such a rude intrusion into Trumps world as it does on Wall Street. Trump claimed credit for the rising stock market, even though it has been setting records for about six years. But what goes up inevitably must come down.[/b
]
OnlinePoker
(5,727 posts)What are the chances he'll claim ownership of the market plunge?
Upstate One
(83 posts)But if the Dow rebounds he will claim credit.
#Dotard.
Bernardo de La Paz
(49,046 posts)Welcome to DU, UpstateOne.
http://www.huffingtonpost.com/entry/sean-hannity-blames-obama-stock-market-drop_us_5a791428e4b018ad894f229c
Says Obama made money too "cheap" (low interest rates). Says the drop is a sign of the strength of the economy (yay trump).
I'm sure a little digging would quickly find Hannity supporting low interest rates like a hawk.
wasupaloopa
(4,516 posts)truth. All fox watchers I have talked to tell me that fox is the only place that tells the truth.
Historic NY
(37,453 posts)elmac
(4,642 posts)elmac
(4,642 posts)olddad56
(5,732 posts)what Trump has done to our image around the world.
SoCalMusicLover
(3,194 posts)muriel_volestrangler
(101,382 posts)after an initial drop of about 3%.
http://www.bbc.co.uk/news/business/market_data/stockmarket/default.stm
machI
(1,285 posts)It will be interesting how the Republican President deals with a reversal of what he claimed as his doing.
Timmygoat
(779 posts)Me neither!