Stock Market Bombs Again In Response To Trump's Tariffs

More winning on the stock market today:

Dow drops 2,200 points Friday, S&P 500 loses 10% in 2 days as Trump’s tariff rout deepens...

The stock market was pounded for a second day Friday after China retaliated with new tariffs on U.S. goods, sparking fears President Donald Trump has ignited a global trade war that will lead to a recession.

Here’s a tally of the stock market damage:

- The Dow Jones Industrial Average dropped 2,231.07 points, or 5.5%, to 38,314.86 on Friday, its biggest decline since June 2020 during the pandemic. This follows a 1,679 point decline on Thursday and brings the drawdown from its record to more than 14%.

- The S&P 500 nosedived 5.97%, also the biggest decline since June 2020. The benchmark shed 4.84% on Thursday and is now off 17% off its recent high.

- The Nasdaq Composite, home to many tech companies that sell to China and manufacture there as well, dropped 5.6%. this follows a nearly 6% drop on Thursday. The measure is 22% lower than its December record, a bear market in Wall Street terminology.

- The selling was broad with only 14 members of the S&P 500 higher on the day. Major market indexes closed at their lows of the session... (our emphasis)

If you have invested in the market/ have a pension or 401(k), you've likely lost 10% in its value in just the last two days, thanks to the mindless Trump Tariffs.  Wonder where will we be by this time next week?

(Image:  Trump takes over from Slim Pickens, riding the nuke into the U.S. economy /"Dr. Strangelove"/ "Trump in Cinema" via YouTube)