Dow futures fall 120 points after Trump knocks the Fed again for raising rates

[riversedge]

Source: cnbc




Published 6 Hours Ago Updated 4 Mins Ago CNBC.com



U.S. stock index futures declined on Friday after President Donald Trump went after the Federal Reserve again for raising rates.

In a tweet, Trump said:..................................................



Dow Jones Industrial Average futures fell 128 points, pointing to a decline of 118.50 points at the open. S&P 500 futures also pointed to a decline at the open, while Nasdaq 100 indicated a slight gain.

Trump's tweet comes after he told CNBC he was not thrilled about the Fed raising rates. In the same interview, he said he is ready to put tariffs on every Chinese good coming to the U.S. if necessary.

"I'm ready to go to 500," the president told CNBC's Joe Kernen in a "Squawk Box" interview.

..............................................................

Read more: https://www.cnbc.com/2018/07/20/us-markets-focus-on-earnings.html

---

Link to tweet

Link to tweet

[Bengus81]

1. The Fuehrer says NOTHING about the Stock market anymore---26,616,never to be seen again

My how his Stock market rhetoric has gone from pimping daily to crickets.........

[Major Nikon]

2. Nixon did the same thing

Nixon threatened his own Fed chairman to keep rates low so that it would prop up the economy prior to his re-election. The result was runaway inflation in the 70's.

Just another example of how Trump's stupidity is bad for America.

[Cosmocat]

5. YEP

he knows where this is headed, and is going to try to bully the Fed to keep it afloat for the next three years ...

[Achilleaze]

3. republicans pissing on American prosperity & security

what frigging low-life traitors they are

[Iliyah]

4. Seems like the GOPers are intent on

destroying the economy after they make their huge profits.

[Towlie]

6. Asked about the prospect of a stock market plunge in response to larger-scale tariffs, Trump said:

“Well, if it does, it does.”

[oberliner]

7. Dow is up 60 points right now (11:30AM EST)

[Calista241]

8. posts about the stock market losing a few points are useless IMO.

120 points is less than .005% of the total market value. And it's only an indication of the 30 actual stocks that make up the DJIA. The S&P 500 would be a better reference imo to any journalists out there.

[D_Master81]

9. He's been really lucky

back 8 years ago or whenever it was there were constant speculation on the feds raising rates after dropping them so low during the recession. Every time they'd meet investors would speculate that they would and there'd be big sell offs. They'd announce no change due to not wanting to hurt the recovery, but here we are many years later and they've finally got around to raising rates. With interest so low and tax rates so low, it's easy to have a good stock market. If/when rates start steadily increasing we'll see what happens.