Dow futures fall 120 points after Trump knocks the Fed again for raising rates
Source: cnbc
Published 6 Hours Ago Updated 4 Mins Ago CNBC.com
U.S. stock index futures declined on Friday after President Donald Trump went after the Federal Reserve again for raising rates.
In a tweet, Trump said:..................................................
Dow Jones Industrial Average futures fell 128 points, pointing to a decline of 118.50 points at the open. S&P 500 futures also pointed to a decline at the open, while Nasdaq 100 indicated a slight gain.
Trump's tweet comes after he told CNBC he was not thrilled about the Fed raising rates. In the same interview, he said he is ready to put tariffs on every Chinese good coming to the U.S. if necessary.
"I'm ready to go to 500," the president told CNBC's Joe Kernen in a "Squawk Box" interview.
..............................................................
Read more: https://www.cnbc.com/2018/07/20/us-markets-focus-on-earnings.html
Link to tweet
Link to tweet
Bengus81
(6,931 posts)My how his Stock market rhetoric has gone from pimping daily to crickets.........
Major Nikon
(36,827 posts)Nixon threatened his own Fed chairman to keep rates low so that it would prop up the economy prior to his re-election. The result was runaway inflation in the 70's.
Just another example of how Trump's stupidity is bad for America.
he knows where this is headed, and is going to try to bully the Fed to keep it afloat for the next three years ...
Achilleaze
(15,543 posts)what frigging low-life traitors they are
Iliyah
(25,111 posts)destroying the economy after they make their huge profits.
Towlie
(5,324 posts)oberliner
(58,724 posts)Calista241
(5,586 posts)120 points is less than .005% of the total market value. And it's only an indication of the 30 actual stocks that make up the DJIA. The S&P 500 would be a better reference imo to any journalists out there.
D_Master81
(1,822 posts)back 8 years ago or whenever it was there were constant speculation on the feds raising rates after dropping them so low during the recession. Every time they'd meet investors would speculate that they would and there'd be big sell offs. They'd announce no change due to not wanting to hurt the recovery, but here we are many years later and they've finally got around to raising rates. With interest so low and tax rates so low, it's easy to have a good stock market. If/when rates start steadily increasing we'll see what happens.