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Halls of Shrewd'm / US Policy❤
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Author: PucksFool ⎊🐝  😊 😞
Number: of 48448 
Subject: Why did the stock market slide today?
Date: 01/31/2025 4:53 PM
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No. of Recommendations: 8
https://finance.yahoo.com/news/live/stock-market-t...
US stocks lost ground on Friday after the White House said tariffs against Mexico, Canada, and China will take effect on Saturday, reigniting fears of a coming trade war with the nation's closest trading partners.

White House Press Secretary Karoline Leavitt said the president would impose 25% tariffs on goods from Mexico and Canada, as well as a 10% tariff on goods from China.

All three major gauges fell into the red Friday. The S&P 500 (^GSPC) lost 0.5% at the closing bell, while the Dow Jones Industrial Average (^DJI) shed 0.8%. The tech-heavy Nasdaq Composite (^IXIC) gave up 0.3%, reversing earlier gains.

The dramatic tariff news pushed aside more optimistic updates from earlier in the day, which had buoyed stocks. Solid earnings from Apple (AAPL) and an inflation reading that matched expectations lifted market sentiment for much of the day.

Obviously the story is wrong Obama, Biden, DEI, CRT, LGBTQ, pet eating immigrants, and childless cat ladies are what caused the drop today.
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Author: PucksFool ⎊🐝  😊 😞
Number: of 48448 
Subject: Re: Why did the stock market slide today?
Date: 01/31/2025 9:59 PM
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https://www.meidasplus.com/p/today-in-politics-bul...
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Author: PucksFool ⎊🐝  😊 😞
Number: of 48448 
Subject: Re: Why did the stock market slide today?
Date: 01/31/2025 10:01 PM
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… Trump launched his global trade war today with an announcement that 25% tariffs will be imposed on imports from Canada and Mexico, and 10% tariffs on China beginning tomorrow.

… Trump promised much higher tariffs than this on China repeatedly during the campaign, but it appears Elon Musk was successful in negotiating those down for his largest business partner - the Chinese Communist Party.

… Trump held a brief press conference in the Oval Office to announce the tariffs tonight. He was asked why he was doing this since he promised Americans that he would lower prices: “Tariffs don’t cause inflation. Tariffs cause success. There could some temporary short term disruption. And people understand that.”

… The stock market, which was up before the tariffs were announced today, took a nosedive the minute the announcement was made. Press Secretary Karoline Leavitt made the announcement at 1:00 PM. This is what happened. The Dow closed the day down 337.54.
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Author: WiltonKnight   😊 😞
Number: of 48448 
Subject: Re: Why did the stock market slide today?
Date: 01/31/2025 11:48 PM
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Ass and Pee 500 needs some more fun :)
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Author: Banksy ✸🐝🐝  😊 😞
Number: of 48448 
Subject: Re: Why did the stock market slide today?
Date: 02/01/2025 8:17 AM
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Trump promised much higher tariffs than this on China repeatedly during the campaign, but it appears Elon Musk was successful in negotiating those down for his largest business partner - the Chinese Communist Party.

Yes, Nazi saluting President Musk currently has a 4,500,000 sq. ft. car manufacturing plant in China. Tesla does not currently have car plants in Canada or Mexico.

God save the Kakistocracy!
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