this post was submitted on 04 Apr 2025
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US stocks were battered by a sell-off Friday after China retaliated against the United States for President Donald Trump’s tariffs in a tit-for-tat that escalates a global trade war.

The Dow plunged by 1,950 points Friday afternoon, or 4.82%, pulling back slightly after being down more than 2,000 points. The broader S&P 500 was 5.4% lower. The tech-heavy Nasdaq Composite was 5.36% lower and on track to close in a bear market — down more than 20% from its record high in December.

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[–] ShellMonkey@lemmy.socdojo.com 93 points 1 day ago (16 children)

You can bet every little bounce up it does is from his buddies buying up the dip until he drops the whole deal to restore things to normal. Suddenly the rich own an even higher % than they did before in just a few week's time.

[–] Nikelui@lemmy.world 26 points 1 day ago (12 children)

Since we know it's a grift, is there anything non-billionaires can do to profit off the situation?

[–] someacnt@sh.itjust.works 2 points 14 hours ago

The only good way I can think of is to short and wait, who knows how long this would prolong.

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