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Author Topic: Dow closes sharply lower for second day on concern about jobs and manufacturing  (Read 1722 times)

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Offline Elderberry

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Dow closes sharply lower for second day on concern about jobs and manufacturing
« on: October 02, 2019, 10:31:55 pm »
Market Watch Oct 2, 2019

Dow down 3.1% so far this quarter, wiping out the 1.2% gain last quarter, but remains up 11.8% for the year

U.S. stocks continued their slide Wednesday and posted the worst start to a quarter since 2008, with data showing slower job creation adding to concerns about a weakening manufacturing sector as President’s Trump’s trade policies take their toll.

Automobile manufacturers stocks fell after quarterly sales reports from Ford and General Motors added to concern over profit margins in the industry. All 11 S&P 500 sectors were down with industries sensitive to economic growth dropping most. The last time all 11 sectors fell for two straight days was December 24, 2018.

What did major stock indexes do?

Late afternoon the Dow Jones Industrial Average DJIA, -1.86%   fell 494.42 points, or 1.86%, to 26,078 while the S&P 500 index SPX, -1.79%  lost 52.64 points or 1.79% to 2,887.61. The Nasdaq COMP, -1.56%  fell 123.44 points, or 1.56%, to 7,785.25.

The Dow and S&P 500 are now both below their 100-day moving averages.

More: https://www.marketwatch.com/story/dow-futures-skid-170-points-lower-as-wall-street-awaits-adp-jobs-report-2019-10-02
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Offline OfTheCross

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Re: Dow closes sharply lower for second day on concern about jobs and manufacturing
« Reply #1 on: October 02, 2019, 10:44:39 pm »
The Dow has been flat for almost 2 years now...that doesn't mean money isn't being made on it daily, though
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Offline Free Vulcan

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Re: Dow closes sharply lower for second day on concern about jobs and manufacturing
« Reply #2 on: October 03, 2019, 01:07:23 am »
All things must come to an end sometime. It's been a good run.
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Offline Gefn

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Re: Dow closes sharply lower for second day on concern about jobs and manufacturing
« Reply #3 on: October 03, 2019, 05:41:38 am »
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Offline IsailedawayfromFR

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Re: Dow closes sharply lower for second day on concern about jobs and manufacturing
« Reply #4 on: October 05, 2019, 01:05:03 am »
Quote from: Free Vulcan on October 03, 2019, 01:07:23 am
All things must come to an end sometime. It's been a good run.
You giving up?  Market up today 372
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Online Wingnut

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Re: Dow closes sharply lower for second day on concern about jobs and manufacturing
« Reply #5 on: October 05, 2019, 01:34:07 am »
Unemployment at a 50 year low.  Jobs added last month.  But the recession is coming.  Bad orange man at fault. 
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Offline Free Vulcan

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Re: Dow closes sharply lower for second day on concern about jobs and manufacturing
« Reply #6 on: October 05, 2019, 01:34:12 am »
Quote from: IsailedawayfromFR on October 05, 2019, 01:05:03 am
You giving up?  Market up today 372

Not yet, but the market is starting to look long term weak, like a super top is forming.
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Offline IsailedawayfromFR

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Re: Dow closes sharply lower for second day on concern about jobs and manufacturing
« Reply #7 on: October 06, 2019, 01:08:41 am »
Quote from: Free Vulcan on October 05, 2019, 01:34:12 am
Not yet, but the market is starting to look long term weak, like a super top is forming.
Tough to expect the gains we have seen over the past decade for sure.

Don't think I would exit, but be more selective.  Like large capital stocks, not small capital ones.
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Offline IsailedawayfromFR

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Re: Dow closes sharply lower for second day on concern about jobs and manufacturing
« Reply #8 on: November 02, 2019, 02:07:54 pm »
Quote from: Free Vulcan on October 05, 2019, 01:34:12 am
Not yet, but the market is starting to look long term weak, like a super top is forming.
had another +300 gain.
Did u capture it?
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Online Wingnut

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Re: Dow closes sharply lower for second day on concern about jobs and manufacturing
« Reply #9 on: November 02, 2019, 02:16:31 pm »
Damn this recession we are in.  Record high unemployment. Soup lines everywhere. Doom gloom any constant misery.
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Online libertybele

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Re: Dow closes sharply lower for second day on concern about jobs and manufacturing
« Reply #10 on: November 02, 2019, 09:17:19 pm »
The signals are ‘loud and clear’ — a new bull market is underway, strategist says

https://www.marketwatch.com/story/the-signals-are-loud-and-clear-a-new-bull-market-is-underway-strategist-says-2019-10-29?mod=home-page
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Offline Free Vulcan

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Re: Dow closes sharply lower for second day on concern about jobs and manufacturing
« Reply #11 on: November 03, 2019, 12:26:12 am »
Quote from: IsailedawayfromFR on November 02, 2019, 02:07:54 pm
had another +300 gain.
Did u capture it?

Some. Seems to always move big the days I work!

If the S&P hits 3100, I think we're out of the clear for awhile. I was getting nervous there for a bit. Think progress on the China trade deal really shored things up longer term.
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Offline IsailedawayfromFR

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Re: Dow closes sharply lower for second day on concern about jobs and manufacturing
« Reply #12 on: November 03, 2019, 06:54:06 pm »
Quote from: Free Vulcan on November 03, 2019, 12:26:12 am
Some. Seems to always move big the days I work!

If the S&P hits 3100, I think we're out of the clear for awhile. I was getting nervous there for a bit. Think progress on the China trade deal really shored things up longer term.
That and the decreased prospects a socialist like Warren will come in to sink the market.
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Offline IsailedawayfromFR

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Re: Dow closes sharply lower for second day on concern about jobs and manufacturing
« Reply #13 on: November 17, 2019, 02:01:24 pm »
Pretty amazing the DOW reached alltime high and appears the occasional drops are what makes the headline news.
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Online Wingnut

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Re: Dow closes sharply lower for second day on concern about jobs and manufacturing
« Reply #14 on: November 17, 2019, 02:03:48 pm »
Quote from: IsailedawayfromFR on November 17, 2019, 02:01:24 pm
Pretty amazing the DOW reached alltime high and appears the occasional drops are what makes the headline news.

Orange mans economy bad.  Must focus on the lows. 
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Offline IsailedawayfromFR

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Re: Dow closes sharply lower for second day on concern about jobs and manufacturing
« Reply #15 on: December 07, 2019, 01:47:38 am »
Ho hum.  Another day, another big gain for the market.

Where are all of these negative articles lately?
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Offline PeteS in CA

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Re: Dow closes sharply lower for second day on concern about jobs and manufacturing
« Reply #16 on: December 17, 2019, 12:09:10 am »
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If, as anti-Covid-vaxxers claim, https://www.poynter.org/fact-checking/2021/robert-f-kennedy-jr-said-the-covid-19-vaccine-is-the-deadliest-vaccine-ever-made-thats-not-true/ , https://gospelnewsnetwork.org/2021/11/23/covid-shots-are-the-deadliest-vaccines-in-medical-history/ , The Vaccine is deadly, where in the US have Pfizer and Moderna hidden the millions of bodies of those who died of "vaccine injury"? Is reality a Big Pharma Shill?

Millions now living should have died. Anti-Covid-Vaxxer ghouls hardest hit.

Online catfish1957

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Re: Dow closes sharply lower for second day on concern about jobs and manufacturing
« Reply #17 on: December 17, 2019, 12:44:24 am »
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Offline Drago

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Re: Dow closes sharply lower for second day on concern about jobs and manufacturing
« Reply #18 on: December 17, 2019, 12:31:19 pm »
$4 trillion in new central bank money since late 2016 has to go somewhere...stocks & real estate mostly (& debt monetization).
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