Stocks in Asia set to rise as Dow sees largest 3-day surge in almost 90 years
Overnight stateside, the Dow skyrocketed 1,351.62 points to close at 22,552.17, capping its biggest three-day surge since 1931.advanced 5.6% to close at 7,797.5. The U.S. Senate , with the stimulus bill now headed for the House, which will push to pass it by voice vote Friday morning. House speaker Nancy Pelosi, D-Calif., said the bill will be passed "with strong bipartisan support." Still, jobless benefit , according to the Labor Department — by far a record. That, however, was still lower than the most dire estimates on Wall Street. Meanwhile, U.S. Federal Reserve Chairman Jerome Powell said Thursday that the central bank will not "run out of ammunition" to keep the economy stable. "We judge markets are pricing‑in a short sharp US recession," Joseph Capurso, senior currency strategist at Commonwealth Bank of Australia, wrote in a note. "Our fear is the surge in jobless claims – even if the benefits paid will soon be increased – will draw-out the recession longer than markets expect." The , which tracks the greenback against a basket of its peers, was last at 99.352 after falling from levels above 100 yesterday. The Read more: CNBC
The Fed is operating a pump and dump scheme. Increased volatility during green days, in a larger downtrend, imply this is a correction within a bear market. Not a bottom. Corrections are upward in a bear market. Parallels with 1931 are not a good sign.
As Dow Jones Scores Single-Day Record, Live Nation & MSG Stocks Post Big GainsConcert promoter Live Nation leapt 15% to $42.94, its highest closing price since March 13.
Global Stocks Mixed After Back-to-Back Gains In DowStock markets in the Asia-Pacific region diverged on Thursday as investors weighed new developments related to the coronavirus pandemic, including the progress of an estimated $2 trillion stimulus package in the U.S. I hope they catch up Japan has a corona effect on the economy, but cherry blossoms are in a beautiful season
Coronavirus economic updates: Biggest single-day surge for Dow since 1933Investment bank Morgan Stanley predicts 3.4 million people filed for unemployment benefits in the week ending on March 21, five times more than the previous jobless claims record in a one-week period. Investment Bank, Morgan Stanley predicts 3.4 million people filed for unemployment benefits. ... A huge percentage of those benefits will be deposited into banks. And, the banks already want a chunk of the Financial Aid Package, as if they have sustained a loss. ...
Stocks surge again after relief bill passed; indexes up 6%NEW YORK (AP) — Stocks marched higher for a third straight day Friday as a massive coronavirus relief bill moved closer to passing Congress and Wall Street took some historically bad unemployment... Well the results are in and it seems pretty obvious to me... The markets love Socialism. ...and the rich keep getting richer... where’s a real bailout for the people - this is the third for Wall Street. DieForTheDow Die4WallStreet Why?
U.S. stocks climb further the day after their mighty surgeStocks had soared Tuesday on expectations that Congress and the White House were near a $2-trillion deal to aid the coronavirus-stricken economy. Did you read your own headline?
Dow soars 600 points after $2 trillion coronavirus stimulus deal reached | Markets InsiderUS stocks climbed on Wednesday after the White House and the Senate reached an agreement overnight on a $2 trillion relief package. The bill inc... How long can this sustain the economies?