Economics

707 readers

329 users here now

founded 2 years ago

201

Investors flee U.S. stocks as markets react sharply to Trump's tariff plan (www.nbcnews.com)

submitted 4 days ago by [email protected] to c/[email protected]

26 comments fedilink hide all child comments

Summary

Markets tumbled after Trump’s sweeping tariff announcement, with S&P 500 futures dropping 3.5%, Nasdaq 100 down over 4.3%, and Dow futures falling 1,000 points.

Analysts called the tariffs "worse than the worst case scenario." Major companies like Apple, Amazon, and Nike saw stock declines up to 7%.

Retailers reliant on imports, like Five Below and Dollar Tree, plunged more than 11%.

Goldman Sachs warned tariffs could raise foreign car prices by $15,000. Treasury Secretary Scott Bessent dismissed after-hours moves, blaming volatility over policy concerns.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 9 points 4 days ago (3 children)

started a high deductible health insurance and last month got it high enough to invest part of it

Huh?

The deductible is the $ amount you will have to pay out of pocket before the co-insurance percentage will kick in and start covering 80% (or w/e) of the costs of covered services.

The deductible doesn't change, you can't get it higher - you can meet it for the year, or not have met it yet. It's just a total of money you've already spent, it can't be invested.

[–] [email protected] 7 points 4 days ago

BigMike probably has an HSA which you can invest if you have enough funds in it

[–] [email protected] 5 points 4 days ago

Usually high deductible plans come with a health savings account, that's probably what they're talking about.

[–] [email protected] 3 points 4 days ago (1 children)

Yeah, the Health Savings account HSA. Sorry, i forgot to go back and reread it to make sure the comment was complete.

[–] [email protected] 1 points 4 days ago

Yep, made sense as soon as HSA was mentioned!

I used to work explaining insurance to the elderly, so I'm primed to assume that someone massively misunderstood how it works. 😆