The Biden/Harris great economy is going down in flames. Massive rout coming.
The Dow is set to open 1,000 points lower
The US stock market is set for an absolute rout Monday, with futures pointing to an ugly open: The Dow is set to open 1,000 points lower.
Futures give an indication of where stocks will head at the open, but market sentiment can shift on a dime. Still, if the Dow closes down 1,000 points, it will mark just the 15th time in the index’s 128-year history that has happened.
Of course, the Dow is trading around 40,000 points today, so this (so far) isn’t close to the worst day in market history — not yet, anyway.
The Dow’s worst drop in history, measured by points, came in the early days of the pandemic: It fell 2,997 points on March 16, 2020, a decline of 12.9%. The broader S&P 500 fell 12% that day — the second-worst decline in history.