The market opened higher on Wednesday amid optimism about a successful reopening of the economy and a potential coronavirus vaccine, but stocks moved lower after a drop in tech shares offset gains.Colin Ziemer/NYSE via Getty ImagesThe Dow Jones Industrial Average was up 0.6%, over 150 points, by late Wednesday morning. The S&P 500 turned negative, down by 0.2%, and the Nasdaq slid 1.3%.
Tech stocks, like Facebook, Amazon, Apple, Netflix and Google-parent Alphabet all fell by over 0.5%, dragging the market lower. The European Commission announced plans on Wednesday for a $826.5 billion recovery fund to help deal with the economic fallout from the coronavirus pandemic. Stocks have been moving higher thanks to increasing optimism on Wall Street, with states beginning to reopen businesses and several companies working on potential coronavirus vaccines.
skleb1234 Wall-street bends the stock curve far better than the Covid curve.
skleb1234 Interesting how this works? The stock goes far beyond the actual economy. Just pray it will not fall again. If it does, there is no way to bend the curve any more. Working class, take care not to be fished...
skleb1234 Hot money from HK, China, Macau.
skleb1234 Optimism and massive FED printing. I'll take printing for the win as optimism broke it's legs at the starting gate. But nice try to keep the retirement fund Ponzi scheme alive Wall Street.
skleb1234 ElectricCoinCo Zcash 🚀
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S&P 500 breaches 3,000 mark for first time since early MarchU.S. stocks surged at the open and S&P 500 breached a major technical barrier on Tuesday as business restarts and optimism about a potential coronavirus vaccine helped investors overlook Sino-U.S. tensions. so the economy is better now than it was before the lockdowns? Who cares?
Source: Reuters - 🏆 2. / 97 Read more »
Japan shares hit 10-week peak, S&P 500 tests 3,000Asian shares forged ahead on Tuesday while U.S. stock futures challenged a major chart barrier as investors looked past Sino-U.S. trade tensions to more stimulus in China and a re-opening world economy. Don't fight the Fed. Ever. Fake markets 👍🏾
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