Thanks Barack… Dow Plunges For 6th Week in a Row – Worse Drop Since Bust

Worst. President. Ever.
The Dow dropped another 172 points today.

U.S. stocks plunged 172 points on Friday for the sixth straight weekly loss — the longest losing streak since the fall of 2002. The market’s last seven-week stretch of losses began in May 2001, as the dot-com bubble deflated.
CNBC reported:

Stocks closed near session-lows Friday with the Dow falling below the 12,000-mark to finish lower for the sixth-consecutive week amid further signs of a global economic slowdown.

The Dow Jones Industrial Average plunged 172.45 points, or 1.42 percent, to end at 11,951.91—below the 12,000-mark, the first time since Mar. 18, 2011. This week marks the Dow’s worst losing streak since 2002.

The S&P 500 slid 18.02 points, or 1.40 percent, to finish at 1,270.98—breaking the 1,275 support level.

The tech-heavy Nasdaq slumped 41.14 points, or 1.53 percent, to close at 2,643.73. The Nasdaq is now in the negative territory for the year.

The CBOE Volatility Index, widely considered the best gauge of fear in the market, gained 6.13 percent to close at 18.86.

For the week, the Dow declined 1.64 percent, the S&P shed 2.24 percent and the Nasdaq dropped 3.26 percent. All 10 of the key S&P sectors slipped for the week, led by techs, consumer discretionary and energy.

Maybe we need some more job-killing EPA regulations. That ought to help.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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Thanks for sharing!