Posted on Mar 18, 2020
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Yikes. Poof, and they're all gone.
The entire Trump stock rally is gone: Dow erases all its gains since Donald Trump took office
Posted from cnn.com
Stock Market
CNN
Investing
Finance
Posted 4 y ago
Responses: 4
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LTC Kevin B. So, All of Trumps Bragging Rights were nothing more than Smoke and Mirrors? Trump was and is a Con Man.
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PO1 William "Chip" Nagel
The Details About the 6 Donald Trump Corporate Bankruptcies
Find out which of Donald Trump's companies went bankrupt. See how many times Trump has sought bankruptcy protection for his ventures.
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LTC Kevin B.
"The Trump stock rally, which at its peak a month ago was robust and seemingly unending, has completely evaporated.
The Dow briefly fell more than 1,500 points on Tuesday, bringing the index below 19,732 points. That was the Dow’s closing level on January 19, 2017, the day before Trump took office.
The S&P 500 is still above its Trump inauguration level, but it is moving closer to wiping out all of Trump’s stock market gains as well. The index, which is the broadest measure of Wall Street, was down 6.3% in the early afternoon on Tuesday.
Global equities have been hit hard by the worries about the economic fallout from the coronavirus outbreak, which has by now infected more than 7,000 people in the United States.
Economists predict recessions for both individual countries and the world economy this year as the pandemic dealt both a supply and demand shock to commerce. That said, expectations for a sharp rebound for the economy and the stock market towards in the second half of the year are high."
"The Trump stock rally, which at its peak a month ago was robust and seemingly unending, has completely evaporated.
The Dow briefly fell more than 1,500 points on Tuesday, bringing the index below 19,732 points. That was the Dow’s closing level on January 19, 2017, the day before Trump took office.
The S&P 500 is still above its Trump inauguration level, but it is moving closer to wiping out all of Trump’s stock market gains as well. The index, which is the broadest measure of Wall Street, was down 6.3% in the early afternoon on Tuesday.
Global equities have been hit hard by the worries about the economic fallout from the coronavirus outbreak, which has by now infected more than 7,000 people in the United States.
Economists predict recessions for both individual countries and the world economy this year as the pandemic dealt both a supply and demand shock to commerce. That said, expectations for a sharp rebound for the economy and the stock market towards in the second half of the year are high."
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