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Friday, 05/06/2022 8:40:42 AM

Friday, May 06, 2022 8:40:42 AM

Post# of 37920
Dow Jones Drops Over 1,000 Points; NASDAQ Worst Drop Since June 2020
Story is from the Daybreak Insider https://www.daybreakinsider.com/

From the story: The stock market took its biggest U-turn since the early days of the pandemic Thursday, with the Dow Jones Industrial Average posting its largest decline this year just 24 hours after its largest gain since 2020. The Nasdaq Composite Index fell 647.16 points, or 5%, to 12317.69, the largest one-day percentage decline since June 2020. The S&P dropped 153.30 points, or 3.6%, to 4146.87, and the Dow slid 1,063.09 points, or 3.1%, to 32997.97, erasing Wednesday’s gains. The major indexes declined between 7.02 and 9.38 percentage points from Wednesday’s highs to Thursday’s lows, according to Dow Jones Market Data, their largest swings since the first half of 2020 (Wall Street Journal). On NASDAQ’s slide: Big Tech suffered a massive sell-off, with Amazon dropping almost 8% and Facebook owner Meta Platforms off about 7%. Among other big names: Apple fell nearly 6%; Google parent Alphabet declined about 5%; and Microsoft shares slid 4%. Overall, the Nasdaq plummeted 5% (CNBC) CBS: The Fed’s aggressive shift to raise interest rates has investors worrying about whether it can pull off a tricky balancing act — slowing the economy enough to halt high inflation but not so much as to cause a downturn (CBS).

My opinion -- Biden and gang are intentionally trying to destroy the UNITED STATES. The deep state is not merely a 'misguided' group of idiots.

"There is but one straight course, and that is to seek truth and pursue it steadily." -- George Washington

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