Stock market has worst day of the year | Rush Hour

After celebrating news that the Federal Reserve would be raising short-term interest rates to 0.50% instead of 0.75% Wednesday, the center of global capitalism witnessed a sea of long faces as the Dow plunged more than 1,000 points Thursday, erasing the late rally which yielded all of yesterday’s gains on all three indexes.

#economy #yourmoney #economics #stockmarket #FederalReserve #stocks #DowJones #recession #capitalism #finance #interestrates

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[angelo]

Perfectly explained and understood, you are doing a great job.
My advice to new investors: buy good companies and keep them as long as they are good companies. Just do this and ignore market predications and opinions which are funny at best but completely useless, I put in 80k in TSLA, NFLX, ALB stocks with the help of my F, A Michelle Francis Elo, and made 480k, but guess what? I put it back with him again and now I'm rounding up close to 900k. Focus on the company, not just the stock price.

[enckidoofalling]

I can’t get a mortgage thats what happens when you can’t finish paying off your student loans

[janetprice]

Well I wonder if it would improve if we got rid of the mess in DC?

[spitfirekid]

The sustained market drop reflects the market’s lack of confidence in the monetary and economic policies of the current administration.