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jpak

(41,758 posts)
Tue Apr 24, 2018, 12:42 PM Apr 2018

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.

<more>

Read more: https://www.cnbc.com/2018/04/24/us-stock-futures-dow-data-earnings-tech-and-politics-on-the-agenda.html

19 replies = new reply since forum marked as read
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Dow drops 250 points, gives up earlier 131-point gain (Original Post) jpak Apr 2018 OP
The Trump slump sandensea Apr 2018 #1
Technology taking it on the chin. yallerdawg Apr 2018 #2
But coal is coming back! bronxiteforever Apr 2018 #3
Clean, beautiful coal Angry Dragon Apr 2018 #4
Lol! bronxiteforever Apr 2018 #6
Did trumps declare war on France? still_one Apr 2018 #5
The numbers @ 1:23: elleng Apr 2018 #7
You ain't seen nothing yet... Maxheader Apr 2018 #8
Down now almost 500 DylanUSC Apr 2018 #9
So much winning. truthisfreedom Apr 2018 #10
Yeah, so much winning! My portfolio sez otherwise! n/m machoneman Apr 2018 #11
Defense stocks really getting hammered Zorro Apr 2018 #12
Yeah, but those tax cuts are creating so many jobs IronLionZion Apr 2018 #13
10 Year hit the guard rail (3%). Going to hit some turbulence. harun Apr 2018 #14
Perhaps a side effect (a beneficial one), and totally not ... SWBTATTReg Apr 2018 #17
it's down 571 points now IronLionZion Apr 2018 #15
Down 531 now. elleng Apr 2018 #16
Trump is an expert at bankruptcy workinclasszero Apr 2018 #18
Ali Veshi, MSNBC money guy, BigmanPigman Apr 2018 #19

sandensea

(21,635 posts)
1. The Trump slump
Tue Apr 24, 2018, 12:44 PM
Apr 2018

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)
2. Technology taking it on the chin.
Tue Apr 24, 2018, 12:46 PM
Apr 2018

Apple looking weak - Facebook, Amazon, Netflix.

We had dotcoms crash the economy in the '90's.

THESE are 'too big to fail' "dotcoms!"

Maxheader

(4,373 posts)
8. You ain't seen nothing yet...
Tue Apr 24, 2018, 01:25 PM
Apr 2018

Downward market fluctuations when rump announced tariffs..
Just wait till they are implemented...

SWBTATTReg

(22,124 posts)
17. Perhaps a side effect (a beneficial one), and totally not ...
Tue Apr 24, 2018, 03:27 PM
Apr 2018

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)
15. it's down 571 points now
Tue Apr 24, 2018, 02:02 PM
Apr 2018

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?

BigmanPigman

(51,591 posts)
19. Ali Veshi, MSNBC money guy,
Tue Apr 24, 2018, 07:15 PM
Apr 2018

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.

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