Stock Market PLUNGES Along with Joe Biden’s Polling

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The stock market posted its largest decline this year 24 hours after its largest gain since 2020. Volatility is a very bad sign. Biden is also in his largest decline in polling according to the latest poll.

The Nasdaq Composite Index fell 647.16 points, or 5%, to 12317.69, the largest one-day percentage decline since June 2020.

The S&P dropped 153.30 points, or 3.6%, to 4146.87, and the Dow slid 1,063.09 points, or 3.1%, to 32997.97, erasing Wednesdayโ€™s gains.

The major indexes declinedย between 7.02 and 9.38ย percentage pointsย from Wednesdayโ€™sย highs to Thursdayโ€™s lows, according to Dow Jones Market Data, their largest swings since the first half of 2020.

On NASDAQโ€™s slide:ย Big Tech suffered a massive sell-off, with Amazon dropping almost 8% and Facebook owner Meta Platforms off about 7%. Among other big names: Apple fell nearly 6%; Google parent Alphabet declined about 5%; and Microsoft shares slid 4%. Overall, the Nasdaq plummeted 5%.

The Fedโ€™s aggressive shift to raise interest rates has investors worrying about whether it can pull off a tricky balancing act โ€” slowing the economy enough to halt high inflation but not so much as to cause a downturn.

They should be worried.

BIDEN’S APPROVAL ON THE ECONOMY

Bidenโ€™s disapproval on the economy plunged to 77%. That is more important than the favorability ratings, pollsters say.

Only two percent say the economy is โ€œvery good.โ€

Americans believe the economy is in the worse shape since January of 2012, a CNN Wednesday poll found. About 77 percent believe President Joe Bidenโ€™s economy is poor. Forty-seven percent said the economy is somewhat poor, while another 30 percent said it is very poor, Breitbart reports.

According to CNN:,โ€œAmericans disapprove of President Bidenโ€™s handling of this (the economy) more than ever before.โ€

WATCH:


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