Summary
The Dow Jones fell 748 points Friday, marking its worst day of 2025, as investors reacted to weak economic data and inflation concerns.
Consumer sentiment dropped sharply, existing home sales declined, and U.S. services activity contracted.
Fears over Trump tariffs and spending cuts further rattled markets.
The S&P 500 and Nasdaq also saw significant declines as investors shifted away from riskier assets.
Wow! A 1.7% drop. Run for the fucking hills.
In a day, and 1200 over two consecutive days. That’s newsworthy. But nothing here seems like a panic. Logical correction based on updated forecasts.
And now I have to listen to iron maiden.
It’s a dumpster fire, no argument there, but the first circuit breaker trigger for the Dow is at 7%, not 1.5%. Call me suspicious, but I’d like to know who was selling and then buying at the low point. It’s most likely instability concerns that is the cause, but some part of me is screaming it’s more pump and dump.
JP Morgan Chase disclosed more information about Jamie Dimon’s new plan to sell one million shares.
The bank said in a regulatory filing late Fridaythat Dimon, its chairman and CEO, adopted on Nov. 7 a so-called Rule 10b5-1 plan to sell one million JPMorgan shares from that date through Aug. 1 this year. The transactions will be made by trusts and an investment vehicle Dimon controls
I saw a report yesterday that Warren Buffet is hoarding cash again. He does this every time there is going to be a major downturn, so he can buy the dip.
Dow Jones is still up 6.21% over past 6 months, or 2.44% year to date, however you want to look at it.
Yeah its like back in 2000 when the index was one or two thousand that would be significant but now being more than three times as high its just a small dip.
“Worst day… So far!” <read in homer simpson’s voice, and then go cry while bingedrinking something flammable)>
In a more serious tone… trump is so incompetent that not only does he fuck up the economy and fuck americans over he fucks up “the economy” aka the stock market.
I’m fairly certain that investors were reacting to the question that guy on Lemmy posted yesterday (for insider trading advice, see: https://fedia.io/m/[email protected]/t/1820389)
