Nasdaq ends at record, confirms bull market on economic recovery hopes

Rising technology and communication stocks have driven gains in the Nasdaq, which confirmed a new bull market just 16 weeks after coronavirus fears crushed stocks and pushed the U.S. economy into recession.

Stocks added to gains late in the session after the U.S. Federal Reserve eased the terms of its “Main Street” lending program. The Dow Jones Industrial Average rose 461.46 points, or 1.7%, to 27,572.44, the S&P 500 gained 38.46 points, or 1.20%, to 3,232.39 and the Nasdaq Composite added 110.66 points, or 1.13%, to 9,924.75.

FILE PHOTO: Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease continues in the Manhattan borough of New York, U.S., May 27, 2020. REUTERS/Lucas Jackson/File Photo

Source: News Formal (newsformal.com)

Is it just me or the stock market closing high while millions of family economies still suffer major consequences of this crisis is just another indicator of the divide between real economy and made up market 'economy'?

WINNING Non stop winning.

Would be interesting to compare the rate stocks are going up to the rate the CPI is... inflation

I don't get it

Yay. More money for the 1%

In other words, the rich are doing fine. Truth

The stock market reflects how investors are doing, not how workers are doing. A surging market does not necessarily lead to a surging economy. At least not in the short term.

There will only be a continued recovery if all lockdowns are lifted and let people choose what risk to accept in where they travel and the businesses they patronize. Gov't lockdowns will still prevent a recovery.

The US is in a recession and has been since February.

Does this mean Trump was right about the quick recovery? No because the orange man bad.

So we're in a recession and a bull market at the same time? I'm an idiot... but it doesn't make sense to me

Sorry, progressive-socialists. 😐

Premature assessment.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market live Monday: S&P 500 goes positive for the year, Dow up 450, Nasdaq new highU.S. markets continued to grow as optimism mounts over a recovering economy. Here's four experts on what's behind the rally.
Source: CNBC - 🏆 12. / 72 Read more »

Nasdaq hits record high as U.S. recession becomes officialOn the same day that the Nasdaq marked a new bull market, the U.S. economy was officially declared to be in a recession. The two milestones on Monday illustrate how an 11-week surge in stocks has occurred despite widespread economic devastation fueled by the coronavirus pandemic. Most sane people by now have abandoned the stock market as a metric of economic health. Stock markets to bears
Source: Reuters - 🏆 2. / 97 Read more »

China's online grocery platform Dada debuts on the Nasdaq, calls for greater scrutiny on marketsChinese grocery delivery company Dada is confident it can stand up to U.S. scrutiny as a newly listed company in New York. REPORT THE TRUTH ABOUT THE JOBS NUMBERS! Did a toddler name this company?
Source: CNBC - 🏆 12. / 72 Read more »

Nasdaq Overtakes NYSE in Coronavirus-Era IPOsNasdaq has edged past the NYSE in IPOs this year as the coronavirus pandemic has curtailed activity and reined in celebrations of corporate debuts on the NYSE’s historic trading floor. Next thing we'll know, the Nasdaq will be trending for covfefe!!! covfefe jimcramer follow this account for info on cops that are being prosecuted
Source: WSJ - 🏆 98. / 63 Read more »

Nasdaq surpasses NYSE in IPO activity after triumphant start to June | Markets InsiderThe Nasdaq exchange overtook the New York Stock Exchange in year-to-date IPO fundraising last week after colossal debuts from Warner Music Group...
Source: BusinessInsider - 🏆 729. / 51 Read more »

U.S. Stocks Rally; Nasdaq Hits RecordThe Dow rose as investors continued to assess the pace of the economic recovery. The technology-laden Nasdaq Composite index hit its first record close since February, and the S&P 500 finished in positive territory for the year. what crisis? Trump pumping the market lmao Good news. Nothing dodgy about it at all...
Source: WSJ - 🏆 98. / 63 Read more »