Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Dow opens more than 800 points lower as U.S. coronavirus cases rise, after Fedís grim economic outlook
marketwatch ^ | 6/11/2020 | Mark DeCambre and Andrea Riquier

Posted on 06/11/2020 7:59:24 AM PDT by bitt

New coronavirus cases still rising in more than 20 U.S. states

U.S. stocks swooned Thursday as coronavirus cases continued to rise and investors digested Wednesday’s downbeat economic outlook from the Federal Reserve.

The market moves came even as the number of Americans filing for jobless benefits for the first time continued to decline in the most recent week.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: covid19stockmarket; dja; dow; stockmarket
Navigation: use the links below to view more comments.
first 1-2021-4041 next last

1 posted on 06/11/2020 7:59:24 AM PDT by bitt
[ Post Reply | Private Reply | View Replies]

To: Whenifhow; null and void; aragorn; EnigmaticAnomaly; kalee; Kale; AZ .44 MAG; Baynative; bgill; ...

p


2 posted on 06/11/2020 7:59:42 AM PDT by bitt (I shall not kneel for any person. Nor do I expect anybody to kneel for me.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bitt

There is that word “Grim” again.

It’s as valuable as the selective use of “Allged” and “Supposed”.


3 posted on 06/11/2020 8:02:06 AM PDT by Professional
[ Post Reply | Private Reply | To 1 | View Replies]

To: bitt

profit-taking is in order - the institutional quarter ends on 6/30.


4 posted on 06/11/2020 8:03:18 AM PDT by avital2
[ Post Reply | Private Reply | To 1 | View Replies]

To: Professional

Okay cases are rising in 20 States. I live in New York City. Is it at that level or is it such small numbers that double those numbers are still small?

Double 100 new cases is a lot different than double six.

One has to look at the population and even with the increase are things really that bad? Are any hospitals overwhelmed in these states?

Now that we know that the mortality rate is very very low and that if we protect the elderly there Will be few deaths from this thing, it’s a little different than 3 months ago


5 posted on 06/11/2020 8:05:52 AM PDT by dp0622 (The very future of tis she the onehe Republic is at stake. We now know dems will do ANYTHING to win.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: bitt

I heard that the rising cases in Texas is due to increased testing. It isn’t a 2nd wave.


6 posted on 06/11/2020 8:05:53 AM PDT by Tai_Chung
[ Post Reply | Private Reply | To 1 | View Replies]

To: avital2

e.g., Warren Buffett is waiting for another chance for “buy in.” Look at the profits he made since March 2020....


7 posted on 06/11/2020 8:06:16 AM PDT by RayChuang88 (FairTax: America's Economic Cure)
[ Post Reply | Private Reply | To 4 | View Replies]

To: bitt

The Stock Market is not the Economy.

It’s Las Vegas for wealthy people...............


8 posted on 06/11/2020 8:09:09 AM PDT by Red Badger (Always trust God............but wash your hands......................)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tai_Chung
They have been using that tactic all along....and finding out that plenty of folks had enough immunity to fight it off.

This is how we create stats to play with. The same sh** tactics they use in global warming.

9 posted on 06/11/2020 8:09:10 AM PDT by Sacajaweau
[ Post Reply | Private Reply | To 6 | View Replies]

To: Professional

Don’t forget “debunked”.


10 posted on 06/11/2020 8:11:11 AM PDT by Sans-Culotte (With every passing day, I am a little bit gladder that Romney lost in 2012.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: bitt

According to Worldometer, CV cases AREN’T rising - they continue a slow but steady decline in new cases. If they mean that each new cases raises the total of number of cases since the epidemic ban, that’s a very distorted way of looking at it.


11 posted on 06/11/2020 8:11:35 AM PDT by Steve_Seattle
[ Post Reply | Private Reply | To 1 | View Replies]

To: bitt

What an overreaction. The market is not down 800 points. It’s down 1044 points. Nothing to see here...move on.


12 posted on 06/11/2020 8:12:36 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bitt

I have been warning people for weeks that we were witnessing a bear market rally and that Wall Street was simply delusional about the state of the economy. Sometimes I hate being right.


13 posted on 06/11/2020 8:13:44 AM PDT by NRx (A man of honor passes his father's civilization to his son without surrendering it to strangers.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: avital2
profit-taking is in order - the institutional quarter ends on 6/30.

Correct!

The BIG computerized wirehouse traders are harvesting PROFIT and will in a few more days, drive the market back up readying for yet another reaping of profit.

In the meantime, the pundits at Fox Business channel & CNBC supply reasons for these big market fluctuations ( coronavirus, BLM, China, etc )

Welcome to the new norm.

14 posted on 06/11/2020 8:15:24 AM PDT by VideoDoctor
[ Post Reply | Private Reply | To 4 | View Replies]

To: dp0622

Good points. “Pockets” of new cases, not the whole state.


15 posted on 06/11/2020 8:15:27 AM PDT by laplata (The Left/Progressives have diseased minds.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: bitt
Cases rising is meaningless. Testing more will yeild more positives. But these stats are relevant and both say China Virus is dying.

Hospitalizations are continuing to fall.

Deaths are the lowest point since April 4


16 posted on 06/11/2020 8:17:58 AM PDT by pepsi_junkie (Often wrong, but never in doubt!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bitt

After weeks of rising. Without context this headline is useless.


17 posted on 06/11/2020 8:18:23 AM PDT by wiseprince
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger

The market is the only wise place to put your money.

Even with today’s losses I’m up 35% & my dividend yield is in the high teens. What investment can you find that pays anywhere near that?

I wish I could put a lot more in some of the bargains today.


18 posted on 06/11/2020 8:19:37 AM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
[ Post Reply | Private Reply | To 8 | View Replies]

To: laplata

Bro I live on Staten island, part of the city that has been hit the worst, and I know no one and they know no one who has had this virus.

That is easily over 500 people. I kind of assume some of us had it but it is such a week virus that no symptoms showed.

it is strong for old people though and I think it does something to the blood that affects people with high blood pressure. But any healthy person under 70 will likely beat this if they get it.

We cannot shut the country down again


19 posted on 06/11/2020 8:20:42 AM PDT by dp0622 (The very future of tis she the onehe Republic is at stake. We now know dems will do ANYTHING to win.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: bitt

Gotta be a...coincidence...no coincidences in no coincidences in polytiks!
;)
GyG@PlanetWTD!/Where Nuthin’ Works!
SEMPERTRUMP.45!
******************


20 posted on 06/11/2020 8:20:56 AM PDT by gunnyg ("A Constitution changed from Freedom, can never be restored; Liberty, once lost, is lost forever...)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson