Friday, February 21, 2025

Dow Plunges Over 700 Points per Trump Tariffs & Inflation

US stock markets fell sharply Friday after an economic report showed American consumers are growing increasingly fearful of price increases and how President Donald Trump's tariffs could reignite the inflation crisis.

The Dow Jones Industrial Average fell 748 points, or 1.7%. The broader S&P 500 also sank 1.7% and the Nasdaq was 2.2% lower. The Dow tumbled for the second consecutive day, falling about 1,200 points over the course of Thursday and Friday.

Comments

"The University of Michigan's latest survey, released Friday, showed that US consumer sentiment declined in February for the second consecutive month, according to a final reading, down by a steep 10% from January.

That was double the decline initially reported earlier this month.

The survey found that Americans are losing confidence in the economy, driven primarily by worries over Trump's tariffs potentially jacking up prices.

A new CNN poll released Thursday similarly showed pessimism on the rise because of prices:

Nearly two thirds of US adults nationwide, 62%, said they feel Trump isn't doing enough to address inflation. The Michigan survey showed that Americans are now fearful of higher inflation on the horizon."

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Well, well... feeling it yet, Trumpers?

You were warned, but preferred the Kool Aide instead.

#1 | Posted by Corky at 2025-02-21 08:43 PM

I lost a shitload of money in the markets today. Thanks Trump. Asshole!

#2 | Posted by moder8 at 2025-02-21 09:14 PM

"I lost a shitload of money in the markets today."

I saved $6,000 today. My holdings actually went up.

I got almost completely out of the markets recently, fearing Trump would be a lousy steward.

#3 | Posted by Danforth at 2025-02-21 09:20 PM

"The Michigan survey showed that Americans are now fearful of higher inflation on the horizon."

That's only because higher inflation is on the horizon.

Thanks, Trump!

#4 | Posted by Danforth at 2025-02-21 09:21 PM

Markets like stability and a monkey with a machinegun does not really provide that.

#5 | Posted by REDIAL at 2025-02-21 09:43 PM

WHOOMP, there it went! (Tag Team: Go Donald)

#6 | Posted by grumpy_too at 2025-02-22 12:48 AM

whelp we're getting a lesson in a major way a POTUS can affect markets.

Not that MAGA idiots will pay attention anyway. They'll flippantly ask "I thought a President has very little control over the markets?" and ignore the very real and obvious case in front of them of where they can.

#7 | Posted by jpw at 2025-02-22 03:09 AM

Once I built a railroad, made it run
Made it race against time
Once I built a rairoad, now it's done
Brother can you spare a dime?
Once I built a tower to the sun
Brick and rivet and lime
Once I built a tower, now it's done
Brother can you spare a dime?
Once in khaki suits
Gee, we looked swell
Full of that yankee Doodle De Dum
Half a million boots went slogging through hell
I was the kid with the drum
Say don't you remember, they called me Al
It was Al all the time
Say don't you remember, I'm your pal
Brother can you spare a dime?

#8 | Posted by LegallyYourDead at 2025-02-22 10:36 AM

The demented child rapist is going to kill the economy like it's Ivanka's mother.

#9 | Posted by reinheitsgebot at 2025-02-22 03:41 PM

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