Dow Jones tumbles as U.S. inflation soars; Apple shares swoon

The Dow Jones Industrial Average on Thursday fell as U.S. inflation reached its highest level since 1982. Apple was among the worst blue chip performers.

stocks

Michael Larkin for Investor’s Business Daily:

Stocks were coming under pressure amid spiraling inflation and a breakdown in Ukraine-Russia cease-fire talks.

Inflation worries were stoked as the consumer price index (CPI) came in at the highest level since the early 1980s. It jumped 7.9% in February vs. the same month a year ago, the biggest annual gain since January 1982. The core CPI, which excludes food and energy, was up 6.4% on a year ago. This was the highest increase since August 1982.

The Nasdaq was off lows but was still the worst major index. It was off 0.9%… The Dow Jones Industrial Average clambered off session lows but was still giving up 0.4%.

Apple stock was one of the worst laggards on the index, falling nearly 3%. AAPL stock lost ground as it forms a new pattern. The ideal buy point here is 183.04, according to MarketSmith analysis.

MacDailyNews Take: Yes, this too shall pass.

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27 Comments

  1. “Let’s go Brandon!” Ooooops; everything we knew and loved has already gone now. Nice work ByeDone! Joe the Destroyer strikes again; and again; and again. King of the Grifters and the D.C. Swamp scammers. They hated it when we got a break from 2016-2020.

    1. People who love Biden and the democrats are culpable and liable. They are traitors who hate America, yet who refuse to move to Castreau’s Canada, Kim’s North Korea, Madurai’s Venezuela or Pighead Putin’s Russia. These leftist hypocrites of the worst order should be deported to Xi’s China where they get the treatment they so desperately deserve.

  2. Outsider took office and we got cheap gas, cheap food, increased energy independence, no wars and focus on our own country’s issues.

    Establishment hacks get back in and we have massive inflation, medical tyranny, war and need a mortgage for gas.

    For you libturds who are too stupid to understand, the first paragraph is talking about Trump. The second one is about dementia Joe and the whore.

    Feeling your stupidity yet, libturds?? Americans sure are!

      1. I often wonder if libturds that thought Americans were crazy are now realizing that we were right. Then I realized that that’s silly, they can’t think at all. If they could, they wouldn’t be libturds.

        1. All people have the ability to think. All people have the ability to be emotionally impulsive. This is true of everyone. But too many on the left have seemingly literally given up on thinking as a normal method of action, they’re all in on emotional impulse. A soundbite or a tweet is the extent of their thought, it’s all impulse from there. You even see someone prominent on the left exhibiting a moment of calm rational big picture thinking being immediately castigated and cancelled. This is destructive behavior for themselves and all.
          It is not just left, all people being more thought based is needed. But it is starkly needed for those on the political left. Again they’re hurting themselves, those not on the left, and people amongst the world in general (those at the levers of power reap most of the benefit from those who have let themselves be enveloped by impulse driven actions).

      2. Putin invading Ukraine had everything to do with opportunity – sensing American weakness and an unwillingness to come to Ukraine’s defense in they invaded.

        The same way high gas prices are a direct result of Biden’s policies. The same policies that are enriching Russia while simultaneously hurting America. On Biden’s first day in office he used executive orders catering to the far left.
        1. Suspended oil and natural gas leases on public lands (these leases are used for exploratory purposes to locate the best places to access these sources of energy).
        2. Ended the Keystone XL pipeline which would have allowed the U.S. to substitute Canadian oil for other foreign oil (after billions of dollars had already been spent on the project).
        3. Blocked drilling in ANWR

        These decisions immediately put America on a negative trajectory and have greater consequences than just losing our energy independence. Trump brought America energy independence in 2019 for the first time since 1957. Keep in mind, when America doesn’t produce its own oil and natural gas, it relies more on foreign countries. All the fantasies of a green energy future and saving the planet don’t materialize when America stops producing. Actually the opposite happens. Pollution gets worse. The need for fossil fuels doesn’t go away. It just gets shifted to countries that don’t give a damn about the environment. Countries run by dictators that hate the U.S. and use their windfall to fund terrorism and wars. When the U.S. limits production, we make Russia, China, Saudi Arabia and other hostile regime’s stronger. And guess what – they don’t have the oversight that the U.S. has. They don’t look for the cleanest ways to extract oil from the Earth, they look for the cheapest.

        There’s so much more I could go into, but it’s probably not worth my time. Unless you are truly willing to look at things objectively and look at the big picture outside of the echo chamber you live in, you will never be open to thinking logically for yourself.

        1. The other fact I neglected to mention was that Biden waived sanctions on the Nord Stream 2 pipeline in May 2021, a few months into his presidency. Enabling Russia to complete the pipeline allow Russia to double the flow of Russian gas directly to Germany.

          Why does this matter? Europe is dependent on Russia for approximately 30% of their crude oil and 45% of their natural gas imports. When your energy supply is so heavily dependent on a foreign power, it reduces the chances of you doing anything to jeopardize that supply. And if you do, the consequences are severe.

          This is the exact same problem that the U.S. is in with China. From pharmaceuticals to food supply to manufacturing, the U.S. has put themselves in a very precarious and vulnerable position.

          You can down vote all you want because some people can’t see past their political ideology to accept the truth.

          1. Biden is a TRAITOR and a clear and present danger to America. Kamala Harris is THE dumbest politician of all time. She is so so so sooooo îdīotic and dumb, she makes Dan Quayle look like a Nobel laureate and Mensa member.

  3. Hey, what happened to COVID? We were told by the legacy media that it was the existential issue of our times.

    Where did mask theater go?

    Poof! COVID is gone. As if simply dragged off the Dock.

    COVID ought to tell you all you need to know about the corrupt establishment, their legacy media lapdogs, their authoritarian bent, and their so-called “experts.”

  4. it’s okay to have joe send for oil in Venezuela or any other place. Same amount of oil being drilled as long as it’s not in the US? Does this make sense?
    Not in my back yard thinking.

    1. As I posted in another reply:
      All the fantasies of a green energy future and saving the planet don’t materialize when America stops producing. Actually the opposite happens. Pollution gets worse. The need for fossil fuels doesn’t go away. It just gets shifted to countries that don’t give a damn about the environment. Countries run by dictators that hate the U.S. and use their windfall to fund terrorism and wars. When the U.S. limits production, we make Russia, China, Saudi Arabia and other hostile regime’s stronger. And guess what – they don’t have the oversight that the U.S. has. They don’t look for the cleanest ways to extract oil from the Earth, they look for the cheapest.

      So the “not in my backyard” mentality is exactly what Biden is thinking. He’d rather do business with Iran and Venezuela than for the U.S. to take control of their own energy needs. Stupid. Stupid. Stupid.

  5. Inflation and high gas prices are a direct result of Biden’s policies. The same policies that are enriching Russia while simultaneously hurting America. On Biden’s first day in office he used executive orders that…
    1. Suspended oil and natural gas leases on public lands (these leases are used for exploratory purposes to locate the best places to access these sources of energy).
    2. Ended the Keystone XL pipeline which would have allowed the U.S. to substitute Canadian oil for other foreign oil (after billions of dollars had already been spent on the project).
    3. Blocked drilling in ANWR

    These decisions immediately put America on a negative trajectory and have greater consequences than just losing our energy independence. Trump brought America energy independence in 2019 for the first time since 1957. Keep in mind, when America doesn’t produce its own oil and natural gas, it relies more on foreign countries.

    All the fantasies of a green energy future and saving the planet don’t materialize when America stops producing. Actually the opposite happens. Pollution gets worse. The need for fossil fuels doesn’t go away. It just gets shifted to countries that don’t give a damn about the environment. Countries run by dictators that hate the U.S. and use their windfall to fund terrorism and wars. When the U.S. limits production, we make Russia, China, Saudi Arabia and other hostile regime’s stronger. And guess what – they don’t have the oversight that the U.S. has. They don’t look for the cleanest ways to extract oil from the Earth, they look for the CHEAPEST.

  6. Is this Breitbart? Reminder: Trump lost. Reminder: impeached twice. Reminder: Still thinks the election was stolen. Everyone including his judicial picks says nope. Reminder: Trump withheld aid to Ukraine in exchange for info on his political rivals. Reminder: Trump said the guilty take the 5th, just like all his co-conspirators have. Just like he will. Just like his family will. Reminder: He says his vaccine saved millions of lives. Reminder: Fauci worked for Trump. Reminder: The KKK support Trump, not Pelosi lol

    1. It is people like the numbskull above that are traitors to the country, who fellate all the Democrat talking points and who are whorez for tbe Democrat party. If there’s ever going to be a revolution it is going to be against morrrrrons like the above who will be the first to swing for the trees.

    2. Here’s the thing: you’re a gullible pawn from the left side of the IQ bell curve.

      25 Big Questions That Democrats Can’t Answer About The 2020 Election — Because They Know They Cheated

      Why did the vote counting stop on election night in several swing states?

      Why did the vote counting delays only happen in swing states?

      Why were election observers barred from entering vote counting stations in swing states?

      Why did Trey Trainor, the chair of the Federal Election Commission, declare on TV that election “observers have not been allowed into the polling locations in a meaningful way” and that “if they’re not, the law is not being followed, making this an illegitimate election” on November 6th, 2020?

      Why are any electronic voting machines hooked up to the Internet?

      Why were votes from the 2020 election sent overseas for “processing” and “tabulation” purposes?

      Why would votes from 30 states in America be processed by a Canadian firm?

      Why would the company that “tabulates” votes for 800 American counties be a recently bankrupt Barcelona-based firm with the Department of Defense as its best-known client?

      Why would America’s electronic voting machines be under the ownership of citizens from foreign nations?

      Why are so many electronic voting machine companies owned by shell companies?
      Why did it take Maricopa County (Arizona) two weeks to count its votes?

      Why did an audit expert find 74,000 more votes were counted in Maricopa County (Arizona) than were mailed out?

      Why did Mark Zuckerberg fork over $400 million to his personal charity to run a parallel private election system in 2020?

      Why did the Special Counsel in Wisconsin just release a report that called Zuckerberg’s donations in five Wisconsin counties a classic case of bribery?

      Why did AG Merrick Garland at Biden’s Department of Justice threaten to interfere in a post-election audit conducted in Arizona — and authorized by the state of Arizona?
      Why did a county circuit court judge in Wisconsin rule that the Wisconsin Elections Commission had run the 2020 election in an illegal manner?

      Why have the voting machine companies refused to comply with subpoenas from the state officials of Wisconsin?

      Why do the voting machine companies refuse to have their machines inspected even though these machines are used in public elections?

      Why is a federal judge in Georgia refusing to release a report by a cybersecurity expert who inspected a Dominion machine and found it vulnerable to hacking and manipulation of the votes?

      Why has Dominion Voting Systems refused to comply with the post-election audit in Arizona — which was ordered by the State of Arizona itself?

      Why are more than 300,000 ballot transfer forms missing in Georgia’s 2020 election?
      Why did Dominion Voting Systems fail to show up and answer questions from the elected officials of Pennsylvania after the 2020 election?

      Why do 204,430 mail-in ballots in Arizona have mismatched signatures?

      Why do 740,000 mail-in ballots in Arizona have broken chain of custody?

      Why did the Wisconsin Special Counsel find that 50 nursing homes had 100% voter turnout and that cheating was widespread?

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