- This topic has 3 replies, 3 voices, and was last updated 4 years, 2 months ago by .
Dow falls more than 200 points after ‘dreadful’ retail sales report sparks recession fears
U.S. stocks opened solidly lower Thursday morning after lackluster economic reports overshadowed optimism over progress in U.S.-China trade negotiations. The Dow Jones Industrial Average (DJIA) fell about 205 points to 25339, a decline of 0.8%, the S&P 500 index (SPX) fell 0.7% to reach 2,734, while the Nasdaq Composite Index (COMP) declined by 0.5% to 7,384. The retail sales report is likely to weigh on the government’s official scorecard for the economy known as gross domestic product, with fears of a recession looming.
Lackluster economic reports? Why, it seems that it was only a few days ago that trumptards were telling us how great the economy was under Trump.
". . . those who claim to know the Mind of God, who will tell you what God thinks and how He will judge and condemn others—those people are the greatest of all blasphemers." Aloysius Xingu Leng Pendergast
- You must be logged in to reply to this topic.