Pam Bondi Fired as Dow Slides 7.5% from 50k Peak
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- Pam Bondi was dismissed by President Donald Trump, ending her tenure as a Justice Department official.
- Bondi told the House Judiciary Committee on Feb. 11 that the Dow was over 50,000 and the S&P 500 near 7,000, a remark that drew laughter from Democrats.
- The Dow fell from its Feb. 10 peak of 50,188.14 to 46,370, a 7.5% decline as of April 3, 2026.
- Broadcom (AVGO) fell 3.37% as other tech stocks also slipped: Nvidia (-2.61%) and Microsoft (-0.44%).
- Caterpillar (CAT) dropped 5.31%, while McDonald’s (MCD) rose 0.53%.
- Iran entered a war during this period, contributing to a broader market sell‑off that saw the S&P 500 and Nasdaq each dip about 1% but break a five‑week losing streak.
- White House directed inquiries to an X post by press secretary Karoline Leavitt, providing no additional comment.
Why it matters: Investors see their retirement accounts shrink as the Dow fell 7.5% from the 50,000‑plus level, while the firing of Bondi underscores political volatility that can ripple into market sentiment; meanwhile, blue‑chip stocks like Caterpillar suffered steep losses, highlighting sector‑specific risk.
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