Fed Chair Jerome Powell helped reassure investors Wednesday afternoon, saying that future rate hikes larger than 50 basis points are"not something the [Fed] is actively considering," leading to a bullish surge in markets. The major indexes all grew by around 3%, and the S&P 500 and Dow had their best days in nearly two years. But investors woke up with a binge-trading hangover Thursday, and markets catapulted into the red as they further digested the Fed news.
Market drops like today's are unusual and reminiscent of 2008 and 2009, said Randy Frederick, managing director of trading and derivatives at the Schwab Center for Financial Research. But economic conditions are much stronger than they were at the start of the Great Recession, leaving analysts scratching their heads searching for a catalyst, he said.
Trust God More than the Stock Market Give Everything To The King Jesus 🌺 watch Him turn everything around Just don't count on Just Rich Because the Small People Help to
They're ripping people off left and right .High interest rates just screws over the average Americans
Interest rate hikes DO NOT STOP INFLATION .the Fed is stupid .not everyone has higher salaries and if anyone does it's eaten up by rent and gas .how bout all the greedy investors who outbid reg.people drop rent .or corporations to drop prices ! Companies are making record profits
Rich people problems
1000? A lot?
Over a year of index gains are Gone, when? During the Biden presidency.
Wow....Joe's doing a fine job.....if his purpose is destroying America
Just like Joe Biden’s cognitive sense’s….poof….and in a flash his mind and our pre Biden successful economy was gone..
The truth is inflation and interest spikes are getting worse. What follows is junk bond collapse and zombie company bankruptcies plus mortgage defaults and maybe a new round of 2008 style financial crisis? Bonds, stocks and home prices gonna crash so belt up and liquidate asap.
FJB
Democrats own this one!
Joe Biden = George W. Bush
So trying to help us with the insane inflation is a bad thing for the stock market. Nice to know whose side they are not on.
Let’s go Brandon.
Biden is fixing the economy. He gave out trillions to billionaires, now he has to collect it back from thousandaires struggling to make mortgage payments. That’s how democrats “fix” things.
I remember Joe Biden meeting Stock Plunge,..he was Corn Pops sidekick…those were bad dudes…
Thanks Dems for destroying my 401k A holes
Trump will be back in his duly elected office before summer ends and fix this shit show created by the Demoncrats
Bidens continuing the destruction of this country.
Great
Great,happy with you bro
You can thank Biden too.
How convenient for someone.
Who cares it’s a Ponzi scheme anyway. It can collapse and you’ll bail it out without your consent. Nobody who matters gives a flying fuck about your 401 k.
Does anybody watch fake news anymore?
Yeaaa GO BIDEN
My concern is inflation keeps on rising and rising.
It's women. 😁
You'd need a plunger in order to plunge...
When the layoffs come, the houses in escrow, all fall out and within one month those house will be half price.
Never trust democrats with the economy, stocks or your money. They don’t care. Nobody has confidence in them and they are now the party of being anti American
These kinds of day to day “surges” and “plunges” are based on nothing but voodoo. Calm down! Take an economics course! You all will sleep better.
Is anyone surprised
...lets go Brandon
FJB. LGB
LeChatNoire4 Hoo boy
Who cares? The stock market is just a tiny part of our economy, but y'all make it out to be everything.
Bidenflation reliving jimmy carter era 😒
business S&P500 (-5%)📉USD / ZAR • CURRENCY $1=R1🎈🎇
Thank you Joe Biden!!!!
Please stop with the sensationalism in the headlines it continues to divide the country. Dow plunges 1000 points as wall street fat cats try to scare the country into reducing removing or reducing interest rate hike meant to try and help curb inflation.
Political Instability in the world, produces instability in the world’s financial markets. Don’t blame America’s president, blame the true culprit, Russia’s Putin, who decided to try to reconstitute Russia’s Empire of the 1800s in a global economy.
When the “inflation” is price gouging on gas, housing, meat, eggs, diapers — things people HAVE to buy — making the debt incurred more expensive is pointless and cruel. Higher mortgage rates only further punish and eliminate home-buyers, investment funds are buying w/ their cash.
It's Because Of The Republicans And The Damage They've Done To Our Country! Their Greed! Galatians 6:7 🙏💙🇺🇸
Turbulent times
LET THE STOCK MARKET CRASH!
It’s just transitory.
Und wieder bei 360k
LGB
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