DJIA -500. Dow opens with another triple-digit decline as China ratchets up trade tensions

[Roland99]

https://www.marketwatch.com/story/dow-opens-with-another-triple-digit-decline-as-china-ratchets-up-trade-tensions-2019-08-05?mod=bnbh

U.S. stocks opened deeply in the red on Monday after China allowed its currency to fall to a fresh low against the dollar, upping the ante in the ongoing trade war. The Dow Jones Industrial Average DJIA, -1.92% opened at 26,189, 1.2%, or 384 points lower. The S&P 500 SPX, -1.97% opened at 2,895, down 37 points, or 1.2%. The Nasdaq COMP, -2.54% was off 179 points, 2.2%, at the start of trading, to 7,822. Global stocks suffered steep declines as well. In pre-market trading, shares of Cars.com lost more than one-third of their value after the company announced it had received no bids to sell itself.

[we can do it]

1. Good. Hope it drops like a rock.

And yes I do have my retirement account in stock market.

[safeinOhio]

2. 10:00 AM Dow down 495

[safeinOhio]

3. 10:03 down 518

[KY_EnviroGuy]

4. I see a bad Christmas possible for retail this year. n/t

................

[Roland99]

5. -725. 10yr yields collapsing

Dow 25,760.36 -724.65 -2.74%
S&P 500 2,851.46 -80.59 -2.75%
Nasdaq 7,739.75 -264.32 -3.30%
GlobalDow 2,939.86 -65.11 -2.17%
Gold 1,476.40 18.90 1.30%
Oil 55.43 -0.23
U.S. 10yr 1.742 -0.1039

[zackymilly]

6. Whew! Glad I got out when Trump got in.

In all guaranteed funds. Only making 4% but not losing anything.
All my annuity accounts have an insurance rider on them. They can only go up, and if the market drops, the insurance policy kicks in and covers the drops.

[spanone]

7. You can only fuck with China for so long, mr. 'president'