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Author Topic: Dow plunges 500 points Investors are in a rotten mood Tuesday.  (Read 1722 times)

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Offline Elderberry

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Dow plunges 500 points Investors are in a rotten mood Tuesday.
« on: April 24, 2018, 07:28:39 pm »
CNN Money 4/24/2018 by Paul R. La Monica

 Seemingly good results from Dow components Caterpillar, Coca-Cola and United Technologies (UTX) didn't please Wall Street. The Dow was down 500 points in midday trading after opening with a 130-point gain. At its worst point of the day, the Dow was down more than 600 points.

The Dow has now fallen for the past five straight days and has given up its gains for the year.

 But why the nearly 650-point swing in the Dow in a matter of hours? Once investors took a closer look at the results, they focused on the negatives.

Caterpillar (CAT), for example, warned that profit margins would probably not get any higher this year than they are now.

And Coke (KO) investors were disappointed that lower prices may have helped drive sales -- even though Diet Coke finally returned to growth. Shares of Caterpillar plunged 6% while Coke's stock was down more than 2%.

More: http://money.cnn.com/2018/04/24/investing/dow-stocks-3m-caterpillar/index.html



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Offline Frank Cannon

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Re: Dow plunges 500 points Investors are in a rotten mood Tuesday.
« Reply #1 on: April 24, 2018, 07:35:56 pm »
Uh oh. Looks like the Free Money bandwagon is over. Looks like investors are actually going to have to go back to fundamentals to make a buck. So sad, too bad.
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Offline GrouchoTex

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Re: Dow plunges 500 points Investors are in a rotten mood Tuesday.
« Reply #2 on: April 24, 2018, 07:40:59 pm »
"The Dow has now fallen for the past five straight days and has given up its gains for the year."

Damn, just damn.

401K says ouch?

Sure glad there's beer.

It has turned out to be a better investment.
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Offline Restored

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Re: Dow plunges 500 points Investors are in a rotten mood Tuesday.
« Reply #3 on: April 24, 2018, 07:49:26 pm »
Amazon and Facebook are both down 4+%
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Offline Frank Cannon

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Re: Dow plunges 500 points Investors are in a rotten mood Tuesday.
« Reply #4 on: April 24, 2018, 07:52:31 pm »
Quote from: Restored on April 24, 2018, 07:49:26 pm
Amazon and Facebook are both down 4+%

Tesla's up......so everything is fine.
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Offline Restored

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Re: Dow plunges 500 points Investors are in a rotten mood Tuesday.
« Reply #5 on: April 24, 2018, 07:55:07 pm »
Quote from: GrouchoTex on April 24, 2018, 07:40:59 pm
Sure glad there's beer.

It has turned out to be a better investment.

My investor moved me to dividend stocks like Duke Power and AT&T. They usually go up during these downturns plus I get a 5% return.
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Offline IsailedawayfromFR

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Re: Dow plunges 500 points Investors are in a rotten mood Tuesday.
« Reply #6 on: April 24, 2018, 08:43:19 pm »
Quote from: GrouchoTex on April 24, 2018, 07:40:59 pm
"The Dow has now fallen for the past five straight days and has given up its gains for the year."

Damn, just damn.

401K says ouch?

Sure glad there's beer.

It has turned out to be a better investment.
I bought Boston Beer when it was below $100 a few years ago.  Today it is well north of $200
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No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington

Offline Frank Cannon

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Re: Dow plunges 500 points Investors are in a rotten mood Tuesday.
« Reply #7 on: April 24, 2018, 08:44:23 pm »
Quote from: IsailedawayfromFR on April 24, 2018, 08:43:19 pm
I bought Boston Beer when it was below $100 a few years ago.  Today it is well north of $200

It didn't skunk after a couple years?
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Offline Applewood

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Re: Dow plunges 500 points Investors are in a rotten mood Tuesday.
« Reply #8 on: April 24, 2018, 11:44:07 pm »
For once I can't blame Trump for this drop.
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Offline Frank Cannon

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Re: Dow plunges 500 points Investors are in a rotten mood Tuesday.
« Reply #9 on: April 25, 2018, 12:16:36 am »
Quote from: Applewood on April 24, 2018, 11:44:07 pm
For once I can't blame Trump for this drop.

Blame him anyway. You know you want to.
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Offline IsailedawayfromFR

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Re: Dow plunges 500 points Investors are in a rotten mood Tuesday.
« Reply #10 on: April 25, 2018, 02:52:58 pm »
Quote from: Frank Cannon on April 24, 2018, 08:44:23 pm
It didn't skunk after a couple years?
No, it does not have that type of shelf life.
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No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington

Offline WingNot

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Re: Dow plunges 500 points Investors are in a rotten mood Tuesday.
« Reply #11 on: April 25, 2018, 03:03:14 pm »
Quote from: Frank Cannon on April 24, 2018, 07:52:31 pm
Tesla's up......so everything is fine.

What....Elon got Morning Wood?
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