jimnyc
03-24-2020, 05:14 PM
And it sucks that it basically means nothing. Someone whispers the wrong way and the stocks go down 500 points now. Talk of a stimulus package agreement and now it goes up 2,000 points. The seesaw ride will stay in effect for awhile I'm sure.
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Dow rebounds more than 11% in best day since 1933 as Congress nears coronavirus stimulus deal
The Dow Jones Industrial Average soared on Tuesday, logging its best day in 87 years as investors bet U.S. lawmakers would deliver soon a stimulus bill to rescue the economy from the damage caused by the coronavirus and shutdowns designed to stop its spread. It was a historic bounce coming amid a historic sell-off.
The 30-stock average closed 2,112.98 points higher — or more than 11% — at 20,704.91, notching its biggest one-day percentage gain since 1933. The S&P 500 rallied 9.4% to 2,447.33 for its best day since October 2008. The Nasdaq Composite surged 8.1% to 7,417.86, its best day since March 13. Both the Dow and S&P 500 rebound off their lowest levels since late 2016.
It was the Dow’s fifth-best day ever.
Rest - https://www.cnbc.com/2020/03/23/dow-futures-up-more-than-200-points-as-senate-debates-over-virus-bill.html
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Dow rebounds more than 11% in best day since 1933 as Congress nears coronavirus stimulus deal
The Dow Jones Industrial Average soared on Tuesday, logging its best day in 87 years as investors bet U.S. lawmakers would deliver soon a stimulus bill to rescue the economy from the damage caused by the coronavirus and shutdowns designed to stop its spread. It was a historic bounce coming amid a historic sell-off.
The 30-stock average closed 2,112.98 points higher — or more than 11% — at 20,704.91, notching its biggest one-day percentage gain since 1933. The S&P 500 rallied 9.4% to 2,447.33 for its best day since October 2008. The Nasdaq Composite surged 8.1% to 7,417.86, its best day since March 13. Both the Dow and S&P 500 rebound off their lowest levels since late 2016.
It was the Dow’s fifth-best day ever.
Rest - https://www.cnbc.com/2020/03/23/dow-futures-up-more-than-200-points-as-senate-debates-over-virus-bill.html