this post was submitted on 22 Feb 2025
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Economics

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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.

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[–] [email protected] 1 points 1 week ago

I saw a report yesterday that Warren Buffet is hoarding cash again. He does this every time there is going to be a major downturn, so he can buy the dip.