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Dow plunges 900 points and Nasdaq dives
4% to finish its worst month since the
Great Recession as Amazon leads tech sector
in brutal selloff

Original Article

Posted By: Imright, 4/29/2022 7:18:46 PM

Losses for technology stocks accelerated on Wall Street Friday, pushing the Nasdaq composite to its biggest monthly loss since the 2008 financial crisis. In a day of brutal selling, the Dow Jones Industrial Average fell 939 points, or 2.8 percent, ending April down nearly 5 percent for the month.The S&P 500 notched its worst month since the beginning of the pandemic, losing 3.6 percent on Friday and nearly 9 percent since March. But it was the tech-heavy Nasdaq that saw the most punishing losses, led by a 14 percent plunge in Amazon shares, marking the online retail giant's steepest one-day drop since 2006.

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Reply 1 - Posted by: MFM 4/29/2022 7:27:45 PM (No. 1141941)
FJB is done...and unfortunately with leaders like Mitch and the Liar in the House...so are we..
12 people like this.

Reply 2 - Posted by: Lucky5 4/29/2022 7:33:41 PM (No. 1141946)
Reminds me the 0bama days. My investments were basically flat for 8 years.
11 people like this.

Reply 3 - Posted by: Bur Oak 4/29/2022 7:43:06 PM (No. 1141948)
It's begun.
11 people like this.

Reply 4 - Posted by: ussjimmycarter 4/29/2022 7:45:18 PM (No. 1141950)
Now now now! Have you gotten permission from the Ministry of Truth before posting? Tsk…Tsk! Love Karen
9 people like this.

Reply 5 - Posted by: stablemoney 4/29/2022 8:17:08 PM (No. 1141972)
Biden is shutting the American economy down again.
11 people like this.

Reply 6 - Posted by: downnout 4/29/2022 8:29:14 PM (No. 1141977)
Low interest rates for such a long time kept the federal debt interest low. Then we had 4 trillion dollars dumped into the economy and voila! We have skyrocketing inflation. Now the Fed has to raise interest rates and the interest on the debt is going to eat up the budget. We’re heading for Weimar republic territory.
10 people like this.

Reply 7 - Posted by: FL_Absentee_Voter 4/29/2022 9:45:38 PM (No. 1142027)
Well FWIW, today was my bi-weekly 401k purchase. Interest rates going up? Simple math - if inflation is at 8% the interest rate will at some point have to be that and more.
4 people like this.

Reply 8 - Posted by: Rich323 4/29/2022 10:29:51 PM (No. 1142065)
Me thinks the globalists are trying to bankrupt Musk for buying Twitter- lowering value of Tesla and Spacex.
5 people like this.

Reply 9 - Posted by: DVC 4/29/2022 11:13:43 PM (No. 1142090)
The good news is that I own no Amazon stock and have avoided buying anything from them for years.
5 people like this.

Reply 10 - Posted by: anniebc 4/30/2022 3:40:43 AM (No. 1142177)
brandon must be so proud.
2 people like this.

Reply 11 - Posted by: franq 4/30/2022 7:15:16 AM (No. 1142286)
Anyone who doesn't believe there is a group of billionaire kingmakers is a fool. Greed is their God. And they manipulate laws, the stock market, and anything they can to increase their wealth.
1 person likes this.

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