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| Economy |
| Dow Jones falls 152 pts over fears as tensions grow between US and China over CV responsibility |
| 2020-05-04 |
Dow Jones Industrial Average futures fell by 152 points, according to CNBC, indicating a Monday market opening decline of around 147 points. S&P 500 and Nasdaq 100 futures also indicated losses at the Monday open. In reduced trade, with China and Japan on holiday, U.S. stock futures fell 1.7 per cent and U.S. crude tumbled 7 per cent. |
| Posted by:Besoeker |
| #3 Considering that Buffett shot the airline industry in the head over the weekend, I'm surprised the averages aren't down more. If the idea is that when you buy a company's stock you're buying its future earnings, the shutdown's kind of problematic. Right now there are some good companies that effectively have a P/E ratio of infinity. (Or, if you use Obama's definition of P/E -- the "profits to earnings" ratio-- they all have a P/E of 1, and always will.) |
| Posted by: Matt 2020-05-04 11:15 |
| #2 147 is noise |
| Posted by: KBK 2020-05-04 08:33 |
| #1 Also news over the weekend that Berkshire Hathaway lost $50 billion and dumped airline stocks. Airline stocks are down in pre-market. |
| Posted by: Clem 2020-05-04 07:14 |