Dow drops 250 points, gives up earlier 131-point gain
Source: CNBC
Stocks fell on Tuesday, giving up earlier gains, as investors were left disappointed with the latest batch of earnings while interest rates jumped to levels not seen in years.
The Dow Jones industrial average traded 257 points lower as of 12:06 p.m. ET, with 3M as the worst-performing stock in the index. The S&P 500 fell 0.6 percent, with consumer staples and technology sliding. The Nasdaq composite declined 1 percent.
Before the bell, 3M reported quarterly earnings that met analyst expectations, but the stock dropped about 8 percent after the company lowered its full-year profit forecast. Alphabet, meanwhile, topped bottom-line estimates but its stock declined more than 3 percent.
Caterpillar also erased earlier gains, trading 3 percent lower.
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Read more: https://www.cnbc.com/2018/04/24/us-stock-futures-dow-data-earnings-tech-and-politics-on-the-agenda.html
sandensea
(21,635 posts)The first year saw market euphoria in anticipation of the colossal giveaway they were about to receive.
Now that they got it, they're taking profits - and taking them offshore.
yallerdawg
(16,104 posts)Apple looking weak - Facebook, Amazon, Netflix.
We had dotcoms crash the economy in the '90's.
THESE are 'too big to fail' "dotcoms!"
bronxiteforever
(9,287 posts)Angry Dragon
(36,693 posts)bronxiteforever
(9,287 posts)still_one
(92,190 posts)elleng
(130,905 posts)S.&?P. 5001.22%
DOW1.85%
NASDAQ1.6%
Maxheader
(4,373 posts)Downward market fluctuations when rump announced tariffs..
Just wait till they are implemented...
DylanUSC
(142 posts)truthisfreedom
(23,147 posts)machoneman
(4,007 posts)n/m
Zorro
(15,740 posts)IronLionZion
(45,442 posts)that the job creators got tired of winning.
harun
(11,348 posts)SWBTATTReg
(22,124 posts)engineered by RUMP is that the higher interest rates may allow my elderly parents perhaps receive a little more on their CDs and the like. They have been slowly getting out of the market, w/ what little they have, over last six months or so, were getting too nervous w/ RUMP's mouth, and I've had to calm them down several times.
IronLionZion
(45,442 posts)because companies are flush with extra cash from tax cuts, and exuberance from deregulation, that they got tired of winning.
Why is Hillary doing this to our stock market?
elleng
(130,905 posts)workinclasszero
(28,270 posts)SAD!
BigmanPigman
(51,591 posts)said that this is the new normal for the stock market under the fucking moron. He has never seen so much fluctuation over such small reasons before in his career.