Dow closes more than 700 points lower and the S&P 500 is on track for its worst quarter since 2022 | CNN Business
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US stocks tumbled Friday and a broad selloff gripped Wall Street as investors digested slightly stubborn inflation data and weakening consumer sentiment while wrestling with continued tariff anxiety.

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.

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  • alvvayson@lemmy.dbzer0.com
    11·
    3 days ago

    My audience is people who are literate. You’re just reading stuff into my comments that a reasonable person wouldn’t.

    And that’s fine, you do your investment strategy. I’m happy with mine.

    • partial_accumen@lemmy.world
      1·
      3 days ago

      Go back and read our exchange. You wrote your position. I communicated my confusion with what I read of your position. You’ve done nothing to explain further what is wrong with how I explained how I understood your position except to say essentially “not that way”. You have yet to provide any more information for me to understand what your way actually is.

      I’m not upset with you or your position, I’m genuinely confused. I’m happy to be corrected with my understanding of your position, but you’ve offered none. How else am I supposed to understand you? Just guess more and have you tell me “not that way” more? If you don’t want to talk about it more, thats fine too. I hope you have a great day.

      • alvvayson@lemmy.dbzer0.com
        1·
        3 days ago

        I realize you are confused.

        You don’t appreciate that having 200 shares of a fund today, at today’s valuation, is better than having 100 shares of that same fund today.

        Because that’s the point I clearly made, which you ignored and constructed some kind of straw man on which you had your little Don Quixote party on.

        And if you really want to understand the philosophy, the point is to take profits prudently and buy bargains when they present themselves. And that’s very much possible without exactly timing the market.

        I have never sold at the top and never bought at the bottom. I have no crystal ball to time the market, but I have made a lot of profit buying low and selling high.

        • partial_accumen@lemmy.world
          1·
          3 days ago

          I appreciate you sharing more info on your approach. I think I have all the info I need to understand your position now. I hope you have a great day.