U.S. stocks opened sharply higher Thursday as Wall Street looks to close out a holiday-shortened week on a high note, after the Federal Reserve released the details of a plan to provide $2.3 trillion in new support for the economy in an effort to fight the impact of the coronavirus epidemic. The Dow Jones Industrial Average DJIA, +2.22% rallied 350 points, or 1.5% to trade around 23,782, the S&P 500 index SPX, +2.10% jumped 37 points, or 1.
Investors were also surveying the damage that efforts to fight COVID-19 have dealt to the labor market, after the government said that another 6.6 million Americans filed for unemployment benefits in the first week of April, bringing the total to 16.8 million in just three weeks, indicating an unemployment rate well above 10%. The Fed program will include a new fund to buy debt from banks issued to small and medium sized U.S.
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Dow climbs 500 points as new Fed stimulus offsets historic unemployment filingsUS stocks climbed on Thursday, continuing Wednesday's gains, as the Federal Reserve announced an additional $2.3 trillion in aid to businesses and governments. Completely manipulated
Source: BusinessInsider - 🏆 729. / 51 Read more »
What to watch today: Dow futures go positive after Fed details $2.3 trillion in loan programsDow futures turned positive Thursday after the Federal Reserve unveiled details of its much-anticipated Main Street lending program and other iniatives. Lol , why lie to people? This is inflate market with paper , millionaries , FED, Trump , Banks take this Buy shares inflate market. MANIPULATION. Don't lie people They should throw a few billion and an activation of the Defense Production Act to ramp up testing to take out the virus. Simply put. The US economy is on a ventilator
Source: CNBC - 🏆 12. / 72 Read more »
What to watch today: Dow set to advance after Tuesday's over 900-point surge fizzledU.S. stock futures point to a gain for the Dow at Wednesday's open after blue chips gave up an over 900-point surge in the prior session. There are few chances Like Forest Gump When people are afraid, I Buy cheaper stocks. Get a chance United States is strong Will resurrect as soon as the infection is over ANOTHER TINY VOL PUMP. THE PUMP ON SMALL VOLUME YESTERDAY WAS A LOT HIGHER. tHIS PUMP IS TOO SMALL AND WE WILL PROBABLY SEE 257 REALLY FAST HERE WE JUST TOUCHED THE TOP OF THE DOWNTREND CHANNEL FROM YESTERDAY. BUY PUTS AT OPEN AND THANK ME LATER
Source: CNBC - 🏆 12. / 72 Read more »
Dow surges 780 points on COVID-19 recovery efforts as oil prices spike | Markets InsiderUS stocks gained on Wednesday as investors cheered a slowdown in new US coronavirus cases and the White House's early plans for economic recover... Does coronavirus cases slowing = recovery of economic activity? That's the million dollar question. This is ridiculous beyond stupid. The only way to maintain a low infection rate is to maintain social distancing -- meaning no big 'business opening'. Until there is a vaccine this MUST BE the new normal. So why are stocks going WAY up? S&P is 19% off the high and +25% off the low. Entering a bull market while every businesses in the country are bleeding money is truly an amazing achievement.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Is the Dow launching a V-shaped rebound? Stubbornly elevated volatility signals caution, analysts sayWhile investors have little comparable experience in dealing with the effects of a deadly disease outbreak, the U.S. stock market’s moves remain in keeping with past bear market rallies, meaning a retest of the March 23 lows remains an easily imaginable possibility, analysts said. It all depends on how much money Washington will give to NY bankers. That's what the economy has been about for two decades now. It's a 'Bear Market Rally.' Be careful . Earnings are due out, starting next week, and they will SUCK.
Source: MarketWatch - 🏆 3. / 97 Read more »
Is the Dow staging a genuine coronavirus rebound? — Here’s what experts think as the stock market attempts to shake the bearish grip of the pandemicInvestors are seeing light at the end of the tunnel after a brutal period. But is it a train? Here’s what some strategists are saying about the outlook for the market as it tries to recover from COVID-19. Probably a false dawn. Not if Dr. Fauci can help it! Stonks don’t tell the story of the 6 million people who went on unemployment racking up expenses on credit cards
Source: MarketWatch - 🏆 3. / 97 Read more »