Wall St. opens lower on Trump's disappointing speech

[WhiteTara]

Source: Reuters

U.S. stocks opened lower on Thursday after President-elect Donald Trump gave little clarity on his promises of boosting economic growth that had powered a record-breaking rally on Wall Street for two months.

The Dow Jones Industrial Average .DJI was down 61.62 points, or 0.31 percent, at 19,892.66, the S&P 500 .SPX was lower 6.99 points, or 0.31 percent, at 2,268.33 and the Nasdaq Composite .IXIC was off 24.15 points, or 0.43 percent, at 5,539.50.

Read more: http://in.reuters.com/article/us-usa-stocks-idINKBN14W1SE

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short article. No more at link. Really, what more needs to be said?

[Bengus81]

1. Down 143 points right now.....

But....the fact that the DOW is even up one damn day after his win is BS seeing how he promised for months to impose a 35% tariff (tax) on goods brought back over the border. He even pimped it days after his win. Trust me Wall St. doesn't go nuts on a buying spree on that kind of business news.

So...he told someone,who told someone else to let it be known on Wall St. that tariff was just more campaign LIES and BS to get the lemmings vote. He has ZERO intention of hitting ANY company with that tariff.

[mobeau69]

3. Mkt's waaaaay over-bought.

Been waiting on the correction. This may be the start. The mkt euphoria is the only thing dump's got going.

[Grey Lemercier]

2. USD is dropping like a rock too v the pound, euro, sek, etc

[BumRushDaShow]

4. "promises... that had powered a record-breaking rally"

It was the bullshit media that manufactured a fake attribution of said rally to Drumpf rather than to typical year-end reshuffling. The self same "media" ignored that the Dow went from a low of ~6000 in 2009, to where it is today closing on 20,000 while NOT under Drumpf.

The bigger issue is that the markets are well overdue for a 10% (~1900 points for the Dow) correction.

[George II]

5. And so it begins.

[Historic NY]

6. Down 176 before the noon whistle....

[WhiteTara]

7. Be interesting to see what happens by

the closing bell. I wonder if he'll get it down to *co numbers before he's even in office.

[dembotoz]

8. what the hell were they expecting????? a suddenly lucid trump???????

pretty soon stocks will be cheap again in a bigly sort of way