Tag: stock market collapse

Trump’s Twitter meltdown during stock market collapse shows he is finally afraid

AlterNet logoOpening her CNN segment on Monday morning by noting the stock market collapse, plummeting oil prices and a virus crisis that has reached pandemic proportions, host Kate Bolduan suggested Donald Trump’s tweets in the midst of all the chaos seem to betray the fact that he is finally afraid for his political future.

After fellow CNN correspondents explained what is going on in the financial markets, host Bolduan brought the president’s tweets into the conversation.

“Of course it is clear that fear and uncertainty have now set in,” Bolduan stated. “That is part of what we’re looking at and part of the reaction here. But I looked at the president’s Twitter feed and it looks like the president is — it looks like the president is afraid as well if you look at the tweets of what he’s put up in the last few minutes.” Continue reading.

Stocks suffer worst week in two years

The following article by Sylvan Lane was posted on the Hill website March 23, 2018:

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U.S. stocks suffered their worst week in more than two years after closing Friday with heavy losses.

The Dow Jones industrial average fell 1.8 percent Friday, a 425-point drop, to close at its lowest level since November. The index fell 5.7 percent this week.

It is down 11.6 percent from its 52-week high, entering a formal correction, which is a 10-percent drop from an index or stock’s 52-week peak.

The Standard and Poor’s 500 index dropped 2 percent Friday, driving its weekly loss to 5.9 percent. The S&P took heavy losses from battered financial stocks, though the index avoided hitting correction level. Continue reading “Stocks suffer worst week in two years”