Stocks Fall the Most Since June; Dow Down 700 Points, Nasdaq Off 4.5%

[Imallin4Joe]

Source: The Street

Stocks declined sharply Thursday, falling the most since June, as investors rotated out of tech stocks following their red-hot rally.

The Dow Jones Industrial Average fell 693 points, or 2.38%, to 28,411, the S&P 500 fell 3.09% and the tech-heavy Nasdaq was down a sharp 4.55% led by declines in Apple , Nvidia , Microsoft and Amazon .

Read more: https://www.msn.com/en-us/money/markets/stocks-fall-the-most-since-june-dow-down-700-points-nasdaq-off-4-5/ar-BB18FUIY?li=BBnbfcN

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Dow is down 769 as of this post..

[Thomas Hurt]

1. So to the Trumper, is an unstable market, subject to huge swings supposed to be a good thing...

[bucolic_frolic]

2. The tip off was the Apple & Tesla stock splits

Once they have to split shares to reduce price to maintain buying interest ... a peak is in.

[Steelrolled]

3. S&P 500 was up over 8% for the month, up over 5% pre-COVID-19

It had to take a break.

edit to fix typo

[Warpy]

4. Most of today's air seems to be coming out of the NASDAQ balloon

which is where you'll find stocks that have been consistently overhyped, oversold and are overpriced on companies that have yet to turn a profit.

I expect bargain hunters to keep the Dow and S&P from dropping a huge amount. Or maybe institutional investors have finally read the writing on the wall and this is the start of a long, slow slide.

The writing is supplied in great part by Exxon, which was delisted last week because its debt load had sent it into junk status.

[IronLionZion]

5. This is all Joe Biden's fault, just like the civil unrest in cities

now the GOP has to issue trillions more in stimulus and tax cuts. Before November

[hatrack]

6. I guess Wile E. Coyote found his glasses and walked back out over the canyon . . .

[progree]

7. Market reaction to the Salongate scandal (sarcsm). S&P down 4.07% (equiv to Dow down 1184)

324p ET.

4.07% * Dow Wednesday close of 29100 = 1184.

[Dopers_Greed]

8. The market is reacting to Joe Biden possibly winning

[BumRushDaShow]

9. Profit-taking before the Labor Day holiday

so they can get ready to pay for those schooner, speed boat, and yacht docking and storage fees.

[Bengus81]

10. Oh no...did the FED finally burn through all of that $5 TRILLION to prop up Trumps stock market?!?!

Now the market is left to it's own devices like it was in the Bush 2008 melt down.

[bucolic_frolic]

11. 10:00PM Tech is getting HAMMERED after hours

Uber down another 90 cents, AMD down another $3 after an almost 8 point fall today. But futures are down just a hair.

[ck4829]

12. K&R