The entire Trump stock rally is gone: Dow erases all its gains since Donald Trump took office

[kevinUsa]

he Trump stock rally, which at its peak a month ago was robust and seemingly unending, has completely evaporated.

The Dow (INDU) fell more than 1,800 points on Tuesday, bringing the index below 19,732 points. That was the Dow's closing level on January 19, 2017, the day before Trump took office.

The S&P 500 (SPX) plunged 7% at midday, triggering a circuit breaker which halted trading for 15 minutes. That index is still above its Trump inauguration level, but it is moving closer to wiping out all of Trump's stock market gains as well. The index, which is the broadest measure of Wall Street, was down 6.3% in the early afternoon on Tuesday.

Global equities have been hit hard by the worries about the economic fallout from the coronavirus outbreak, which has by now infected more than 7,000 people in the United States.

 

 

Economists predict recessions for both individual countries and the world economy this year as the pandemic dealt both a supply and demand shock to commerce. That said, expectations for a sharp rebound for the economy and the stock market towards in the second half of the year are high.

[r2d2]

It’s ok.. a correction was due anyway... corona just hastened it...

[sri_india]

Now Obama turn.... Let's erase Obama era market rally

[r2d2]

The New York Stock Exchange will temporarily move to fully electronic trading beginning March 23.

All NYSE markets will still operate under normal trading hours.

[VictoryTDP]

4 minutes ago, r2d2 said:

The New York Stock Exchange will temporarily move to fully electronic trading beginning March 23.

All NYSE markets will still operate under normal trading hours.

What does that mean for us?

[r2d2]

1 minute ago, VictoryTDP said:

What does that mean for us?

Nothing... it impacts the people who go to the trading floor..😀

[VictoryTDP]

1 minute ago, r2d2 said:

Nothing... it impacts the people who go to the trading floor..😀

So it is still a falling knife for us

[karna11]

 Ekkada nundi lepadooo akkada kee theichharu gaa

[Thokkalee]

It is a global pandemic.. anni thuduchupettuku pothaayi.. Ye country kuda thappinchukoledu ee  disaster nunchi..  it is a global economy reset.. 

[kevinUsa]

2 minutes ago, Thokkalee said:

It is a global pandemic.. anni thuduchupettuku pothaayi.. Ye country kuda thappinchukoledu ee  disaster nunchi..  it is a global economy reset.. 

everyone knows it but our aim is how to profit from it considering us as bottom feeders who feed on someone's suffering 

[Thokkalee]

If the stock goes down, banks won’t give any credit to businesses.. there are no sales to keep running the business.. 

[afdb002]

47 minutes ago, sri_india said:

Now Obama turn.... Let's erase Obama era market rally

Andarini chipa ettukomantav 😁

[MiryalgudaMaruthiRao]

andariki Gc's istey malli market punjukuntadi anin @Sucker cheppamannadu

[Kool_SRG]

22 minutes ago, karna11 said:

 Ekkada nundi lepadooo akkada kee theichharu gaa

Bhoomi gundramga untadi ani anthuke antaaru... 

[kevinUsa]

1 minute ago, afdb002 said:

Andarini chipa ettukomantav 😁

ante u mean 8k