Trump signed the “One Big Beautiful Bill Act” into law in July after it was passed by the Republican-controlled Congress. The bill, which delivered new tax breaks, also made Trump’s 2017 tax cuts permanent.

“Amid the rise in effective tariff rates, we expect meaningful tariff revenue to generally offset weaker fiscal outcomes that might otherwise be associated with the recent fiscal legislation, which contains both cuts and increases in tax and spending,” S&P said in a statement.

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Source: https://www.reuters.com/business/sp-affirms-aa-credit-rating-us-cites-impact-tariff-revenue-2025-08-19/

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The S&P 500 dropped 2.69 percent, its worst day in months, while the Nasdaq Composite plunged 4.00 percent, driven by sharp losses in technology stocks. The Dow Jones Industrial Average fell 890 points, or 2.08 percent, and the Russell 2000, which tracks small-cap stocks, declined 2.38 percent, signaling weakness across the market.

The bond market reflected growing investor caution, with yields on U.S. Treasuries falling as traders moved into safer assets. The 10-year Treasury yield slid 9.19 basis points to 4.226 percent, while the 2-year yield fell 9.8 basis points to 3.904 percent, indicating expectations for slower economic growth. A basis point is a one-hundredth of a percentage point. Bond yields fall when bond prices rise.

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Source: https://www.breitbart.com/economy/2025/03/10/dow-falls-1100-points-tech-stocks-plunge-amid-economic-fears/?fbclid=IwY2xjawI9OLdleHRuA2FlbQIxMQABHZbFSgId_m8S5yPKAFOrlm5iT3aqSnReKl5I1K6yTUNFtAvhWM8HSuR-bw_aem_O6QDShWSxUCut-qY2zlxEA

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The Dow Jones Industrial Average shed 2.6%, or 1,123 points, closing at 42,327. The S&P 500 lost nearly 3%, closing at 5,872. The Nasdaq Composite lost 3.6%, closing at 19,393.

The S&P 500 and Nasdaq have traded at or near record highs in recent days, partly in anticipation of a rate cut by the Fed.

But the Dow has had a long December. Wednesday marked the 10^th consecutive losing session for the index, its longest down streak since 1974.  A four-digit slide on a single day is a rare event.

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Source: https://www.usatoday.com/story/money/2024/12/18/dow-loses-1100-points-fed-interest-rates/77073535007/

The post Dow falls 1,100 points on disappointing Fed interest rate news first appeared on Garner Ted Armstrong Evangelistic Association.