Why Did the Stock Market Drop Tuesday? Here Are 4½ Reasons.

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Why Did the Stock Market Drop Tuesday? Here Are 4½ Reasons.

Barrons2021-08-18

It was an ugly day for the stock market, perhaps as ugly as they come without turning into a full-blown panic. Rather than blaming a single thing for the weakness, many headlines have piled on top of ...

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Eded
·2021-08-18
Still bullish momentum remain intact , unlesshk or china market
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Gucci18
·2021-08-18
Noted ?
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Muneer
·2021-08-18
Ready to hold
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GarethLZX
·2021-08-18
This is good! Thanks
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Ahsiang
·2021-08-18
Jialat
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Moolele
·2021-08-18
Does it need a reason to drop?
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- YIPKF:
  Any reason because of fear
  2021-08-18
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- LuluDog:
  Hahaha
  2021-08-18
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kaido
·2021-08-18
Like for like back
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- RC_ADRIC:
  Ok
  2021-08-18
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eda
·2021-08-18
pls help to like
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- RXX:
  Ok
  2021-08-18
  Reply
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Rather than blaming a single thing for the weakness, many headlines have piled on top of each other to push stocks down.\nThe S&P 500 dropped 0.7% Tuesday, while the Dow Jones Industrial Average fell 282.12 points, or 0.8%, and the Nasdaq Composite declined 0.9%. The small-cap Russell 2000 has slumped 1.3%.\nHere are 4½ reasons the market slid Tuesday:\nReason #1: Covid\nJust when you thought it was safe for markets to ignore the Delta variant of Covid-19, it has become impossible not to. New Zealand announced it would lock down Auckland, its largest city, for seven days after one case showed up, its first new infection since February. China’s ports have run into Covid-related problems as well. In the U.S.,five states hit record numbers of cases this past week. That the pace of economic growth will slow seems a given. How much it slows is an open question.\nReason #2: Retail Sales\nSpeaking of the economy,July’s retail sales declined 1.1%, the U.S. Census Bureau said Tuesday, a far larger drop than the 0.3% that had been forecast by economists. Other variations were even worse. Excluding autos, sales dropped 0.4% even though economists had predicted a rise of 0.2%, while the “control group” that eliminates volatile goods such as gasoline fell 1%, below expectations for a 0.3% increase. Combine it with other recent disappointing data, and it’s enough to rekindle concerns that the U.S. has hit peak growth.\n\nReason #3: China\nChina is still trying to eradicate Covid, and that’s slowing its economy. But it has other issues that have nothing to do with the virus. Online shopping growth has slowed, while retail sales and industrial production both disappointed. China’s regulation on internet companieslikely isn’t helping either, with stocks such as Alibaba(BABA) and Baidu(BIDU) getting crushed on Tuesday.\nReason #4: Investors Stopped Rotating\nThe stock market has been able to climb to new highs this year even as parts of the market got hit hard because investors rotated into other out-of-favor areas. 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Thanks","listText":"This is good! Thanks","text":"This is good! 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it need a reason to drop?","listText":"Does it need a reason to drop?","text":"Does it need a reason to drop?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/833419853","repostId":1149562534,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5564387,"gmtCreate":1629261162853,"gmtModify":1663232543248,"authorId":3579748162894863,"author":{"id":3579748162894863,"authorId":3579748162894863,"name":"YIPKF","avatar":"https://static.tigerbbs.com/cb307b178e826c212e864c04e7018162","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":833419853,"type":1,"supId":0,"prevId":0,"content":"Any reason because of <u>fear</u>","text":"Any reason because of <u>fear</u>","html":"Any reason because of <u>fear</u>"},{"id":5563474,"gmtCreate":1629255079452,"gmtModify":1663232539729,"authorId":3581546699205694,"author":{"id":3581546699205694,"authorId":3581546699205694,"name":"LuluDog","avatar":"https://static.tigerbbs.com/3907b71bbdbc645cd47ba9a5e5798afe","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":833419853,"type":1,"supId":0,"prevId":0,"content":"Hahaha ","text":"Hahaha ","html":"Hahaha "}],"langContent":"EN"},{"id":833437099,"gmtCreate":1629254458711,"gmtModify":1676529980975,"author":{"id":"3574926290820486","authorId":"3574926290820486","authorIdStr":"3574926290820486","name":"kaido","avatar":"https://static.tigerbbs.com/b3866436a9d4f9acaf05b97581f52f9d","vip":1,"hat":"https://static.tigerbbs.com/7b75ce0c34afff716602792a5d0929dd","crmLevel":1,"crmLevelSwitch":0,"idStr":"3574926290820486"},"htmlText":"Like for like back","listText":"Like for like back","text":"Like for like back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/833437099","repostId":1149562534,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5563390,"gmtCreate":1629254494217,"gmtModify":1635148879530,"authorId":3574743613224710,"author":{"id":3574743613224710,"authorId":3574743613224710,"name":"RC_ADRIC","avatar":"https://static.tigerbbs.com/ff53482947c23ec372fe52411816b015","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":833437099,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":833435883,"gmtCreate":1629254328442,"gmtModify":1676529980960,"author":{"id":"3569214676869217","authorId":"3569214676869217","authorIdStr":"3569214676869217","name":"eda","avatar":"https://static.tigerbbs.com/909b8dea6c74db6f7d3a6a65052e290a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3569214676869217"},"htmlText":"pls 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