Stocks roared back in a broad-based rally Tuesday on signs of easing trade tensions and following remarks by Federal Reserve Chairman Jerome Powell that were seen as opening the door to a rate cut if the economy slows. The gains were a strong rebound from the previous day's tech-led decline. The Dow Jones Industrial Average DJIA, +2.06% rose around 512 points, or 2.1%, to end near 25,332, according to preliminary figures, while the S&P 500 SPX, +2.
14% advanced around 59 points, or 2.1%, to end near 2,803 The Nasdaq Composite COMP, +2.65% rallied around 194 points, or 2.6%, to finish near 7,527. The Nasdaq recouped losses it suffered Monday, when it fell sharply and entered correction territory, as reports of increased antitrust scrutiny by federal regulators sank shares of high-profile tech companies.
But still 1000 points down from a month ago.
Trumps on da job!
Talk is cheap. Prices on goods up, fuel, credit cards and banks getting aggressive again against consumers. Trade war will happen etc We can't continue with only growth is in the pockets of the rich.
Bullish news that the economy is weakening so much the same Fed that wanted to raise rates twice has now 180’d to cutting rates. BUY BUY BUY 😂
Hair of the dog
It’s a mega win day 💥
Lol
Guess what........the bond market has been hinting at possible cut for 9 months now......where has the FED been.....sitting on the toilet.......
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