Dow tumbles more than 700 points as inflation and tariff fears mount

[progree]

6. Between election day close and pre-inauguration day, S&P 500 went up 3.7%. From then to now: up 0.3%

Last edited Mon Feb 24, 2025, 10:36 PM - Edit history (2)

# 11/5/24 close (election day): 5783
# 1/17/25 close (Last close b4 Inauguration Day): 5997
# Friday 2/21/25 close: 6013 (up 0.3% since b4 inauguration day and up 4.0% since the election)

https://finance.yahoo.com/quote/%5EGSPC/history/

It actually hit an all-time closing high two days ago, Wednesday, Feb 19: 6144
but dropped 2.1% since then.

I only mention this as there is discussion in some other threads I've seen recently about how the stock market has been doing since tRump was elected, and since he took office. Most people just giving their impressions, as opposed to actually looking up these easy-to-find statistics.

Anyway, not much of a climb, although he is still "above water" at this point. But facts to use in case tRump and his tRumpers and the Muskers keep making claims about the "great" "Trump Trade" stock market. And just one very mild ordinary down day, just 0.3% or more down, will put him underwater for his presidency. So we have that to look forward to.

I don't know what the Dow did, and I don't care, since I consider it a silly legacy measure of just 30 cherry-picked stocks, price-weighted (how silly!) It should have faded away along with the Big Band era, but habits are very hard to change.