US stocks and the dollar tumbled Monday as investors assessed continued tariff uncertainty and the implications of President Donald Trump’s ongoing mission to try and oust Federal Reserve Chair Jerome Powell.
The Dow fell more than 1,000 points, or 2.6%. The broader S&P 500 fell 2.66%. The tech-heavy Nasdaq Composite slid 3%. Stock futures had slumped in premarket trading after the three major indexes closed last week in the red.
The US dollar index, which measures the dollar’s strength against six foreign currencies, slumped 0.9% to its lowest level in more than three years.
Wall Street has been on edge since Trump on Thursday lashed out at Powell and said on social media that his “termination cannot come fast enough!”
I’m loving the evolution of this meme.
Ah but with the dollar tumbling, US companies will raise prices for the rest of us peasants to make sure profits are never harmed
Hahaha I’ll never own a house lmao
The Fart of the Meal
The shart of the deal
🦭 💨
How about all 3 at 3%?
Jesus fuck it broke through 38k when I was taking a piss, oh boy…
trump is blaming this on Powell? lol, gotta be full maga to believe it
I am more shocked that it is as high as it is. I suspect it is as high as it is because of micro trading, but I am no stock market expert.
Yeah. Speculation I saw is that most of these are scheduled buys combined with people who think/hope they are “buying the dip”.
Great again!!!
I’ve always wanted to run an experiment where I place only conservatives on a desert island and see how long it takes for their society to collapse and for them to murder and cannibalize each other.
I don’t think I’d even need to hire assistants to work shifts. It would all be over rather quickly.
Maybe it’s the accelerationist in me, but I kind of feel Powell should perhaps appease them? Screw it, drop the interest rates start printing the cash, party like it’s 1928.
I could go for another PWA, WPA, and CCC. I’d love to join the CCC in two years when I become free again.
Whatever makes prices go back to 2012
The Orange Turd is a MAGAt hero! Flushing the country down the drain for fun.
Wait till he says something good again and the stock markets will go up again! He did manipulate and he will do it again and again, so he and his rich friends make billions.
