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return2ozma @lemmy.world

12mo ago

Dow closes nearly 500 points lower Thursday as investors’ recession fears awaken

Dow closes nearly 500 points lower Thursday as investors’ recession fears awaken: Live updates

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return2ozma @lemmy.world

12mo ago

Dow closes nearly 500 points lower Thursday as investors’ recession fears awaken

www.cnbc.com /2024/07/31/stock-market-today-live-updates.html

12 comments

"As investors start to manipulate the economy to get Trump elected"
I will continue to move on with this having very little effect on my life.
- I doubt many squids have 401ks, so this tracks. As you were.
  
  It's more that what happens to the Dow day-to-day or even week-to-week is not really relevant to most people, even the ones with 401(k)s since it's about what happens in the long term when you're worried about retirement.
  So a single day major point drop? It's really not a big deal to anyone but the investor class.
  Now if this is the start of a long-term trend, that's another issue. But we can't possibly know that yet.
Never invest more than you can afford to lose.
The stock market has been surging at the drop of any rumor or data point that would indicate the fed will drop interest rates for two years.
Suddenly economic data pops up that might indicate conditions for an interest rate drop are forming and the market shits itself?
IMO the market got fat over the summer. Now that the institutional investors are getting back from vacation season they are profit taking ahead of the EOQ.
Gotta keep the election horse race close for maximum distraction.

12 comments