Economics

551 readers

309 users here now

founded 2 years ago

146

Dow drops 700 points for worst day of 2025 so far on new fears about economic growth (www.nbcnews.com)

submitted 1 week ago* (last edited 1 week ago) by [email protected] to c/[email protected]

10 comments fedilink hide all child comments

Summary

The Dow Jones fell 748 points Friday, marking its worst day of 2025, as investors reacted to weak economic data and inflation concerns.

Consumer sentiment dropped sharply, existing home sales declined, and U.S. services activity contracted.

Fears over Trump tariffs and spending cuts further rattled markets.

The S&P 500 and Nasdaq also saw significant declines as investors shifted away from riskier assets.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 13 points 1 week ago* (last edited 1 week ago)

JP Morgan Chase disclosed more information about Jamie Dimon’s new plan to sell one million shares.

The bank said in a regulatory filing late Fridaythat Dimon, its chairman and CEO, adopted on Nov. 7 a so-called Rule 10b5-1 plan to sell one million JPMorgan shares from that date through Aug. 1 this year. The transactions will be made by trusts and an investment vehicle Dimon controls