The stock market plummeted after President Donald Trump confirmed tariffs would go into effect at midnight.
  • havocpants@lemm.ee
    9·
    1 day ago

    SPY dropped a bit yesterday, and it’s up a bit today, it’s hardly plummeting. What’s dropping is the dollar, it’s already worth 5 cents less against GBP in the last week.

  • hungprocess@lemmy.sdf.org
    35·
    1 day ago

    Maybe I’ve gone off the deep end of cynicism at this point but the fact that the shitrag The Daily Mail is reporting it this way just makes me think manufacturing a stock drop is the whole plan.

        • Pacattack57@lemmy.world
          6·
          16 hours ago

          You must be independently wealthy and not care when you lose money. A 2% drop for an Index fund is massive. Let alone a 3.6% drop. This is indicative of the entire market. Not 1 company.

            • LordKitsuna@lemmy.world
              41·
              15 hours ago

              That is exactly how people think the market works. Only go up never down. And then they wonder why companies constantly Drive their products into the dirt trying to make as much money as possible

      • hark@lemmy.world
        47·
        16 hours ago

        A ~5% drop isn’t the stunning drop that you think it is. Pointing this out doesn’t make me a Russian troll. I’m speaking as someone who is extremely pessimistic and who wants the stock market to drop a lot more.