Tuesday, Mar 20th

Last update05:20:13 AM GMT

You are here News Economy U.S. Stocks Plummet, Erasing Gains for the Year

U.S. Stocks Plummet, Erasing Gains for the Year

E-mail Print PDF

US stocks plummetU.S. stocks plunged, sending the Dow Jones Industrial Average down almost 1,600 points, as major averages erased gains for the year. Treasuries rallied and gold rose on haven demand.

Equity selling accelerated shortly after 3 p.m. in New York, with the Dow sinking more than 800 points in a matter of 10 minutes only to snap back 10 minutes later. The index remained lower by 4 percent, or 1,000 points -- its steepest drop since Aug. 24, 2015. The S&P 500 Index traced a similar trajectory, though its decline stood at 3 percent. Both are now lower for the year. The Cboe Volatility Index more than doubled to its highest level in 2 1/2 years.

TVNL Comment:  This was the biggest single day loss ever.  Trump took credit for the rise, so let's all thank him for the loss.  Or, we can wait for him to blame Hillary....



Most Recent Related Stories...

Ignoring GOP Pleas, Trump Sets Tariffs In Motion

Trump sets tariffPresident Donald Trump on Thursday set in motion tariffs that will slap fees on many imports...

27 Trump says he will impose tariffs on steel and aluminum imports 'next week'

Trump to impose steel and aluminum tariffsPresident Trump said Thursday he will soon place tariffs on steel and aluminum imports —  a move...

Trump aides defend tariffs move as Europe and China decry 'trade war'

Trump aides defend tariffs as Ueope and China decry 'trade war' White House officials fanned out on Sunday to support Donald Trump’s planned imposition of tariffs on...

Dow Jones plunges 1,000 points as inflation fears spook investors

Stock Market plunges more than 1000 points Wall Street was on Thursday heading for its toughest week in more than two years after...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!