Dow futures plumet 1,200 points after China tariff announcement; European stocks tank

[speak easy]

This discussion thread was locked as off-topic by Omaha Steve (a host of the Latest Breaking News forum).

Source: CNBC

The Dow futures are currently trading 1,200 points lower, while futures linked to the S&P 500 and the tech-heavy Nasdaq are down 140 points and 570 points, respectively. As of Thursday's closing, all major benchmark indices in the US have either slipped into correction territory, meaning a 10% drop from the peak, or into a bear market, meaning a 20% drop from the peak.

The Dow Jones is down 10% from the top, while the Nasdaq has nearly slipped into bear market territory with an 18% drop from its peak. The smallcap Russell 2000 index has slipped into bear market territory already with a 22% fall from the top. The two important triggers for today's session include the Non-Farm Payrolls data for March and Fed Chair Jerome Powell's speech, his first after the reciprocal tariff announcement.

Read more: https://www.cnbctv18.com/market/us-stock-market-live-updates-crash-dow-jones-nasdaq-index-down-trump-tariffs-impact-oil-gold-treasuries-liveblog-19584602.htm

[C_U_L8R]

1. Down over 1500 now

Why is Trump still President? If Republicans had an ounce of fiscal responsibility they'd jettison him before the opening bell.

[Lonestarblue]

3. Vance might be marginally better because he is not wedded to destructive tariffs.

He and the Heritage Foundation, though, would turn their religion into the law of the land, along with giving the green light to crypto scams and AI taking over the government. I’m not sure which would be worse at this point. Of course, Republicans will never impeach Trump. Most of them are lemmings willing to follow him over the cliff.

[Bernardo de La Paz]

4. The Dow, which you quote is not the market. It is the 1896 adding machine price weighted index. Use SP500. nt

[C_U_L8R]

5. Everything is down.

and Trump has no idea how to clean up his mess.

[Bernardo de La Paz]

7. Yes. Analyst is suggesting tRump has 48 hours to protect certain US companies or a Black Monday might happen. nt

[ImNotGod]

2. tRump will need to declare a declaration of soiled undies before the day is done, nt

[Fla Dem]

6. And Trump takes another 4 day Golf Weekend!

[Bernardo de La Paz]

8. 4 day. He left Thursday afternoon and he doesn't work mornings. . . . nt

[Fla Dem]

9. Thanks, updated.

[Omaha Steve]

10. AFTER a review by forum hosts LOCKING

Live links don't work properly in LBN. Is no longer the published title.

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