US stocks were sharply lower Friday as investors digested souring consumer sentiment and inflation data that showed an uptick in one of the Federal Reserve’s key gauges, underscoring the delicate state of the economy as businesses brace for President Donald Trump’s tariffs.
The Dow tumbled 750 points, or 1.77%, on Friday. The broader S&P 500 fell 2.1% and the Nasdaq Composite slid 2.8%.
. . .
Wall Street was also grappling with Trump’s announcement on Wednesday of 25% tariffs on all cars shipped into the US, set to go into effect April 3. Trump also announced tariffs on car parts like engines and transmissions, set to take effect “no later than May 3,” according to the proclamation he signed.
Younger generations should be itching for an entry into the market. Endless up and to the right isnt sustainable and, frankly, our economy is a lot of overvalued fluff to begin with. After decades of cheap money and speculation we are WAAAY overdue for a massive correction. I know I’m supposed to use this time to trash Trump but I swear some people just complain without ever identifying an opportunity to actually help themselves.
Buying in is perpetuating the bubble. Maybe those younger generations should be itching for a livable planet and not a few extra shares of the orphan crushing machine.
Very brave. Let’s all sing kumbaya.
The world is in this shitty situation because we’ve had decades of people taking opportunities to help themselves. I don’t think it’s a radical position to question what good a tiny bit of personal enrichment does.
I forgot how a tax by Trump on Americans to line his $trumpcoin pockets is going to help Joe Busboy. #bootstraps?
Let the lemmings follow Trump off a cliff. Everyone else, buy low if/when they can.
That’d be great if anyone had money to buy with.
I literally have no idea what you’re saying but it sounds like a weak attempt to trash talk Trump even though that’s not what I’m talking about.
“Gotta get in there & scoop up grandma’s retirement funds while they’re cheap!”
Gramma should have no guarantee that her assets go up indefinitely. That is a boomer concept. Infinite growth is unrealistic and unsustainable. Hopefully her kids and grandkids will take care of her like they are supposed to.
Why don’t those kids and grandkids invest their speculation money into something that tangibly helps grandma? Why go through the rigamarole of building a portfolio to maybe someday pay for a nursing home instead of funding a food bank or a mutual aid network?
Lol invest Grammas money in a food bank? 😆 Unless the bank is her refrigerator and the investment is groceries you’re just wasting money. You win for most unrealistic solution.
Gramma should live with you when she’s old not go to a nursing home. This is the way it’s meant to be done.
In 2022 nearly 1/10 households with an adult aged 65+ were food insecure.
Speaking of grandma living with you, multigenrational households are more than twice as likely to experience food insecurity.
Is feeding those people wasting money? You’re fine with your grandparents being part of that population if something unexpected happened to you?
Just admit that your solution is “fuck you, i got mine”.
If you are experiencing food insecurity don’t give your money to someone else.
If you have enough money to significantly invest in the stock market you’re not experiencing food insecurity
If you have enough money to insignificantly invest you might eventually have enough to significantly invest assuming you take advantage of buying opportunities. I feel like I’m talking with an early generation AI model.