Dow falls 1,000 points Wednesday as inflation fears rattle Wall Street

CNBC ^ | 5/18/2022 | Sarah Min

[1Old Pro]

The Dow Jones Industrial Average shed 1,029 points, or 3.2%, with the average set for its first loss in four days. S&P 500 traded 3.6% lower, while the Nasdaq Composite slipped 4.3%.

Markets returned to heavy selling after two back-to-back quarterly reports from Target and Walmart advanced investor fears of rising inflation. It's the fifth Dow decline of more than 800 points this year, which all occurred as the stock sell-off intensified within the last one month, according to FactSet data.

[1Old Pro]

Biden is trashing this country and millions of people's retirement accounts. Just incredible. He's making it difficult to eat, or to drive, or to have freedom.

He's an enemy of the state.

[bray]

100% Biden/Barak’s war on oil.

[who knows what evil?]

President Barack Biden...exactly.

[1Old Pro]

100% Biden/Barak’s war on oil.

That's a major contributor, irresponsibly printing money and giving it away for more welfare doesn't help. Then add the induced supply chain issues with Buttegeig laughing it off, it's incredible.

[Signalman]

31,572.40
▼ 1,082.19 (3.31%)
11:04 PDT

[Myrddin]

Standby for the diesel shortage putting the brakes on everything. It won't just be lack of sales. It will be lack of merchandise to sell. The empty grocery shelves, dry gas stations and unsafe municipal water supply (for lack of chlorine disinfectant) will be most distressing.

[1Old Pro]

Biden is shuffling off to Buffalo for political purposes all while the markets CRASH.

[1Old Pro]

All directly caused by Biden, as Mitch and Kevin stand by and do nothing. NEVER should have passed 40 billion for Ukraine until our own house is in order.

[Jumper]

The Government’s Thrift Savings Plan is frozen online from 16 May thru first week of June. This is premeditated bloodletting. Everyone in Government Stocks will have to call to make a move and most will not or cannot get thru.

Conversely, the decoupling of Cyrpto to Stocks has started. The crypto is moving in its own direction as more money floods in from stocks.

[LittleBillyInfidel]

Love these Headline Writers - as if investors just woke up this mid May Weds morning and discovered inflation.

[RoseofTexas]

Yet the demonRATS came out in droves to vote for the same POS primary nominees for their party. I wonder when the border will be shut down? This too will complicate and cause massive massive inflation on top of the inflation we’re already experiencing. It is insanity to let millions upon millions of invaders(without education or skills) in when we ourselves are having a hard time finding every day items and soon to come on the horizon... gas shortages. MADNESS!!

[1Old Pro]

MADNESS!!

Leftists are systematically purposefully taking down our economy.

[butlerweave]

When will UN Secretary-General António Guterres call the DOW a dead end ? LOL

[windsorknot]

[Antoninus]

One would think that inflation would cause the markets to rise given that the dollar is losing purchasing power so quickly.

This is not caused by inflation directly. It's caused by the fact that we're in a largely self-inflicted recession. The market knows it. The media and the administration (but I repeat myself) are still playing pretend.

[dpetty121263]

Your 401K will soon be 1010K...Elections have consequences...

[Ken H]

Cryptos have been moving in tandem with stocks, at least for the last few weeks.

[brownsfan]

The casino is going crazy, and taking my retirement with it.

[Scott from the Left Coast]

Joe is having a banner day.

The payola kickback from Ukraine should cover his losses handsomely.

[Wuli]

Yes, the problem is Biden, inflation and how the Fed has bubbled the economy, but it is also in part due to the power of the lemmings - the index funds that are built and run to just follow whatever an index is doing. They now represent a large share of the stock holdings, leaving fewer decision makers that move the market up or down, with the lemmings just following.