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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: PucksFool ✧✺🐝  😊 😞
Number: of 84361 
Subject: Why did the stock market slide today?
Date: 01/31/25 4:53 PM
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finance.yahoo.com - Stock market today dow sp nasdaq stumble as trump recommits to sweeping tariffs on saturday
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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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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