Wall Street gave up an early rally and went negative. The S&P 500 fell 1.6% after wiping out an early gain of 4.1%, which had it on track for its best day in years. That brought the index nearly 19% below its record set in February.

Update: Annnnnd It’s Gone! Didn’t even last a day, folks. As long as this criminal administration remains in power, the economy is all downhill from here.

Updated headline 1: Live updates: US stocks give up an early gain as clock ticks down to Trump’s new tariffs

Original headline: US stocks rise as global financial markets show signs of relief

Original post body: Huge shout-out to AP News for providing context and saying the loud parts, even if quietly.

Today’s sudden market rise follows a historic pattern: Some of the best days in the market’s history have been clustered around some of its worst days. The biggest gain for the S&P 500 since World War II was an 11.6% surge on Oct. 13, 2008, for example. That was during the depths of the Great Recession.

Emphasis mine.

  • fluxion@lemmy.worldEnglish
    2·
    9 days ago

    Ive watched about 5 years of stock gains evaporate all the way up to closing today.

    What sudden rise did I miss?

    • CmdrShepard42@lemm.ee
      2·
      9 days ago

      A rumor floated that Trump would pause the tariffs, so stocks temporarily shot up until the white house confirmed that the rumors weren’t true, and then they dropped back down.