“It’s a tricky market,” said Arian Vojdani, investment strategist at MV Financial. “You look up one second and the market’s down. You look down the other second and you’re back up.”…
S&P 500 Rises to a Record Close, Fully Wiping Out Its Wuhan Virus Losses…
The S&P 500 rose to an all-time high on Tuesday, capping off its incredible recovery from the coronavirus-induced sell-off that knocked it off its previous record back in February…
How the Wuhan Virus Bailout Gave Wall Street a No-Lose Casino …
In late April Marko Kolanovic, a financial analyst for JPMorgan Chase, wrote to clients with good news. Pandemic aside, investors should expect stock prices in S&P 500 companies to return to record numbers some time early next year! “The S&P 500 should attain previous all-time highs,” Kolanovic wrote, “if the monetary measures are sustained.” The […]
Dow Posts 2,112 Point Gain Biggest Ever…
U.S. equity markets registered the strongest one-day rebound in history on Tuesday amid investor optimism that members of Congress will overcome their differences to reach a deal on a nearly $2 trillion COVID-19 stimulus package. In the final hour of trading, gains picked up steam giving the Dow Jones Industrial Average a 2,112 point gain, […]
Yet Another Crappy Stock Market Day…
The S&P 500 closed 12% lower on Monday, while the Dow fell 13% (or 2,999 points). Driving the news: The sell-off accelerated during President Trump’s afternoon press conference as concerns about the coronavirus outbreak’s economic impact continued to grip markets. Here’s how swift and sharp the stock market’s decline has been: The S&P 500 hit […]
THE DOW LOST 1,000 POINTS. WORST DAY IN TWO YEARS…
The stock market tanked on Monday—with the Dow Jones and S&P 500 indexes erasing their gains for 2020 as a surge in coronavirus cases outside of China boosted fears of a pandemic and global economic slowdown, but historical data shows that investors shouldn’t panic yet, according to experts – U.S. stocks had their worst drop […]
Dow, S&P 500, Nasdaq Hit New Records…
U.S. stocks traded higher on Wednesday lifting the Dow Jones Industrials, the S&P 500 and the Nasdaq to new records as financial markets closed early for the July 4th holiday. President Trump celebrated the milestone tweeting a “congratulations!” noting the 19 percent annual gain for the broadest measure of stocks. Investors are now betting on […]
“This Is A Bear Market”…
A sheepish Scott Wapner dared to ask DoubleLine’s Jeffrey Gundlach an open-ended question about the stock market, and we suspect the response he got was far from what he wanted to hear. “I’m pretty sure this is a long-term bear market for stocks…S&P is headed to new lows” “We’ve had pretty much all of the […]
U.S. Stocks Close Lower As Dow Drops Nearly 1,400 Points in 2 Days…
U.S. stocks extended losses to finish lower Thursday, with the Dow Jones Industrial Average losing nearly 1,400 points over two days as investors continued to fret over rising bond yields and the prospect of higher interest rates. The Dow Jones Industrial Average DJIA, -2.13% tumbled 545.91 points, or 2.1%, to 25,052.83, bringing its two-day decline […]
Facebook Has Worst Day in Wall Street History…
A historic drop in Facebook stock pulled technology stocks lower on Wall Street, even as other sectors climbed. Facebook plummeted 19 percent Thursday after warning of slower growth ahead, erasing more than $100 billion in value. The drop was the largest one-day loss in value of any publicly traded company in history, according to the […]