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cm0002@lemmy.world to United States | News & Politics@midwest.social · 1 year ago

S&P 500 Has Worst Day Since June 2020 as Trade War Sets Off Slump

www.nytimes.com

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S&P 500 Has Worst Day Since June 2020 as Trade War Sets Off Slump

www.nytimes.com

cm0002@lemmy.world to United States | News & Politics@midwest.social · 1 year ago
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Trade War Sets Off ‘Max Pessimism’ in Global Markets as Stocks Plunge
www.nytimes.com
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The S&P 500 fell almost 5 percent on Thursday, its worst drop since June 2020, as President Trump’s higher-than-expected tariffs set off another round of economic worry.

https://archive.ph/WNlaP

  • sin_free_for_00_days@sopuli.xyz
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    1 year ago

    Everyone with any education on economics or history knew this would be the result. The magat brain trust thinks they are actually smart and played themselves. Again.

    • vga@sopuli.xyz
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      1 year ago

      Or they knew this was coming and shorted the shit out of everything.

      • sin_free_for_00_days@sopuli.xyz
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        1 year ago

        Yeah, that wouldn’t surprise me.

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