MARKET SNAPSHOT: Trump Immigration Ban Tipping Point In Worst Stock Market Selloff In Months
The Dow and the S&P 500 index on Monday were on track to register their worst daily loss since mid-October as investors grappled with the latest policy decisions by President Donald Trump. ...
The Dow Jones Industrial Average tumbled 187 points, or 0.9%, to 19,907, dropping below the psychologically important 20,000 level and putting the blue-chip gauge on track to mark its worst daily drop since Oct. 11, according to FactSet data. Shares of Caterpillar Inc.(CAT) , DuPont (DD) , and Chevron Corp.(CVX) all fell 2% or more.
The S&P 500 index shed 22 points, or 1%, to 2,273, also on pace for its sharpest daily drop since Oct. 11. The day's losses were broad, with all of the S&P 500's 11 primary sectors in negative territory with energy, materials, and financials the worst performers. ...
Republicans are supposed to be good for business, but this is not true as the 2008 Great Recession proves. And President Bannon is especially dangerous.