General Discussion

madaboutharry

(41,854 posts) Wed Apr 2, 2025, 04:45 PM Apr 2

Stock Futures went into the red within minutes.

I think he timed the announcement for the end of the trading day so the news shows wouldn't show a ticker while he was talking.

I think things will be very, very bad tomorrow.

Edit: At 4:54 est the NASDAQ is down -502.25

15 replies

= new reply since forum marked as read

Highlight:

Stock Futures went into the red within minutes. (Original Post) madaboutharry Apr 2 OP

100% agree obamanut2012 Apr 2 #1

Headline: "Stock futures tumble as Trump unveils higher tariffs than expected." . . . nt Bernardo de La Paz Apr 2 #2

tRump just threatened to ban stock futures from all government contracts if they don't go up ImNotGod Apr 2 #3

Everything King Kraznov (R-Felon) touches turns to Krap BoRaGard Apr 2 #4

Dow down 155 (0.44%) Disaffected Apr 2 #5

In after-market trading? Mike 03 Apr 2 #7

Yes, at the time of posting. Disaffected Apr 2 #8

Off almost 1,000 now, about 2.5%. W_HAMILTON Apr 2 #11

Yep. Mike 03 Apr 2 #6

6:30 pm.... madaboutharry Apr 2 #9

I hate to sound like a conspiracy theorist..... COL Mustard Apr 2 #12

No. tRump likes stock market. He is actively trying to drive down the US DOLLAR, not the markets Bernardo de La Paz Apr 2 #15

Dow is down over 1,000 right now. beaglelover Apr 2 #10

Blood in the street.... There will be a cascading effect. ashredux Apr 2 #13

Isolaationism orangecrush Apr 2 #14

obamanut2012

(28,420 posts)

1. 100% agree

Reply to madaboutharry (Original post)

Wed Apr 2, 2025, 04:48 PM

Apr 2

Bernardo de La Paz

(54,851 posts)

2. Headline: "Stock futures tumble as Trump unveils higher tariffs than expected." . . . nt

Reply to madaboutharry (Original post)

Wed Apr 2, 2025, 04:53 PM

Apr 2

ImNotGod

(649 posts)

3. tRump just threatened to ban stock futures from all government contracts if they don't go up

Reply to madaboutharry (Original post)

Wed Apr 2, 2025, 04:54 PM

Apr 2

BoRaGard

(5,122 posts)

4. Everything King Kraznov (R-Felon) touches turns to Krap

Reply to madaboutharry (Original post)

Wed Apr 2, 2025, 04:54 PM

Apr 2

Midas had a thing with gold, republicon Krasnov has it with krap.

Disaffected

(5,517 posts)

5. Dow down 155 (0.44%)

Reply to madaboutharry (Original post)

Wed Apr 2, 2025, 05:02 PM

Apr 2

Nothing too unusual about that.

Mike 03

(18,404 posts)

7. In after-market trading?

Reply to Disaffected (Reply #5)

Wed Apr 2, 2025, 05:19 PM

Apr 2

Bloomberg is reporting that the markets reversed -1% in after-markets trading during the speech. Their analysts think it is because there will be no carve-outs or exemptions.

Unless they've reversed again, I think Bloomberg is probably right.

Disaffected

(5,517 posts)

8. Yes, at the time of posting.

Reply to Mike 03 (Reply #7)

Wed Apr 2, 2025, 06:12 PM

Apr 2

Off 206 now, about 0.5%

I guess Bloomberg's guessing is about as good as anyone's (with Trump involved, guessing is about all you can hope for).

W_HAMILTON

(8,927 posts)

11. Off almost 1,000 now, about 2.5%.

Reply to Disaffected (Reply #8)

Wed Apr 2, 2025, 07:06 PM

Apr 2

https://www.cnbc.com/2025/04/02/stock-market-today-live-updates-trump-tariffs.html

Note: these are not guesses -- they are based on actual trading that has already occurred and will be reported once the DJIA opens tomorrow.

Mike 03

(18,404 posts)

6. Yep.

Reply to madaboutharry (Original post)

Wed Apr 2, 2025, 05:16 PM

Apr 2

It will be interesting (but not necessarily predictive) to watch Asian and European markets overnight.

madaboutharry

(41,854 posts)

9. 6:30 pm....

Reply to madaboutharry (Original post)

Wed Apr 2, 2025, 06:35 PM

Apr 2

Dow Futures
41,368.00
- 1,124.00
2.65%

S&P 500 Futures
5,488.50
- 223.75
3.92%

NASDAQ Futures
18,826.50
- 931.50
4.71%

Maybe this is on purpose.

COL Mustard

(7,349 posts)

12. I hate to sound like a conspiracy theorist.....

Reply to madaboutharry (Reply #9)

Wed Apr 2, 2025, 07:27 PM

Apr 2

But it seems like the administration is deliberately trying to drive down prices. The stock market will tank tomorrow because of these tariffs, residential real estate will likely decline because of the mass layoffs of Civil Service employees, farms will be put in danger because of the reciprocal tariffs and the cancellation of USAID contracts, etc. The idea seems to be to drive down values across the economy. The question is who will benefit from the reduced prices? I'm sure it won't be Joe or Jane Doe.

Bernardo de La Paz

(54,851 posts)

15. No. tRump likes stock market. He is actively trying to drive down the US DOLLAR, not the markets

Reply to COL Mustard (Reply #12)

Wed Apr 2, 2025, 07:47 PM

Apr 2

But driving down the Dollar makes US markets less attractive which means foreign money gets pulled out and new foreign money is withheld. That also applies to other investments like real estate, housing, manufacturing plants, etc.