Dow closes more than 700 points lower and the S&P 500 is on track for its worst quarter since 2022 | CNN Business
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US stocks tumbled Friday and a broad selloff gripped Wall Street as investors digested slightly stubborn inflation data and weakening consumer sentiment while wrestling with continued tariff anxiety.

US stocks were sharply lower Friday as investors digested souring consumer sentiment and inflation data that showed an uptick in one of the Federal Reserve’s key gauges, underscoring the delicate state of the economy as businesses brace for President Donald Trump’s tariffs.

The Dow tumbled 750 points, or 1.77%, on Friday. The broader S&P 500 fell 2.1% and the Nasdaq Composite slid 2.8%.

. . .

Wall Street was also grappling with Trump’s announcement on Wednesday of 25% tariffs on all cars shipped into the US, set to go into effect April 3. Trump also announced tariffs on car parts like engines and transmissions, set to take effect “no later than May 3,” according to the proclamation he signed.

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  • alvvayson@lemmy.dbzer0.com
    1·
    9 days ago

    Timing the exact top and bottom is impossible, but you can always sell at an all-time high and buy at a 52 week low.

    Personally, I find it more effective for myself if I frame it in terms of “owning the most shares” instead of “making the most dollars”.

    If I started with 100 shares and now have 200 shares, I consider that a win, even if the 200 shares together are worth less than the 100 shares were at one time.

    • partial_accumen@lemmy.world
      2·
      9 days ago

      Timing the exact top and bottom is impossible, but you can always sell at an all-time high

      An all-time high? So on point over the prior record and you sell?

      and buy at a 52 week low.

      I’m not understanding your strategy here. What are you accomplishing by putting your money back into the market at the dollar figure equal to the lowest value in the last year (52 weeks)? Especially if you sold at one point over the prior record (the all time high) you could be out of the market for years while stocks are on a rapid increase. The last 2 years of the S&P500 were both north of 23% returns back to back. Using your method you would have sold sometime in 2022 losing all those HUGE gains.

      What if the recover occurs prior to stocks ever hitting the 52 week low? You’d still be out of the market and will have missed the recovery.

      Personally, I find it more effective for myself if I frame it in terms of “owning the most shares” instead of “making the most dollars”.

      If I started with 100 shares and now have 200 shares, I consider that a win, even if the 200 shares together are worth less than the 100 shares were at one time.

      This confuses me even more. Number of shares is completely irrelevant. Stock splits double shares (and half values), a reverse stock split would double value (but half number of shares). I mean, if you’re just interested in number of shares, you do you, but most people use stocks as an investment vehicle where the value of those stocks is primary value (voting rights being a second value but most people don’t care about that).

      • alvvayson@lemmy.dbzer0.com
        01·
        8 days ago

        If you can’t even understand that I am obviously not including things like stock splits, then I don’t think my comment was intended for you.