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Stock Market defies latest Trump Slump, Dow up nearly 300 points, S&P 500 logs 1% advance

No.1327005 View ViewReplyOriginalReport
Latest Republican corporate fearmongering and trickle down economics' attempt to kneecap the economy failed as stock on the rise again robbing Trump of his latest forced meme attempt against Kamala Harris.

https://www.cnbc.com/2024/08/06/trump-republicans-harris-stock-market-wall-street-election

>Donald Trump and his Republican allies who saw the market’s global sell-off as an opportunity to attack Vice President Kamala Harris’ economic record were noticeably quieter as stocks gained back some of their losses.
>Stocks plunged Monday on investors’ recessionary fears spurred by a weak jobs report and worries that the Federal Reserve has kept interest rates high for too long.
>Trump has repeatedly used the stock market as a campaign talking point, attempting to take credit when stocks swing up and to blame his opponents when they go down.

After using the market’s global sell-off as an opportunity to attack Vice President Kamala Harris, former President Donald Trump and his Republican allies were noticeably quieter Tuesday, as stocks gained back some of their losses.

The S&P 500 closed just over 1% higher on Tuesday, while the Dow Jones Industrial Average was up nearly 300 points or 0.8% higher, breaking a three-day losing streak.

The gains followed a widespread market slide on Monday, where the S&P dropped 3% and the Dow declined 2.6%. The market meltdown came as recessionary fears heightened, spurred in part by last week’s cooler-than-expected jobs report and worries that the Federal Reserve has kept interest rates too high for too long.

Trump, the Republican presidential nominee, quickly tried to paint Monday’s market plunge as the first chapter in a broader economic catastrophe, which he blamed on the de facto Democratic nominee Harris, giving the sell-off the nickname “Kamala Crash.”

But as Wall Street rebounded on Tuesday, that Republican line of attack was quickly snatched away.