Posted on 02/01/2023 1:31:55 PM PST by millenial4freedom
Tech stocks rallied Wednesday following the Federal Reserve's latest interest rate increase after Fed Chair Jerome Powell suggested signs of "disinflation" are building in the economy. When the closing bell rang on Wall Street, the technology-heavy Nasdaq Composite (^IXIC) was higher by 2%, leading the charge higher for markets following Powell's comments. The S&P 500 (^GSPC) closer higher by 1%, while the Dow Jones Industrial Average (^DJI) rose 0.03%, or just 8 points. The Dow was weighed down by energy stocks, which remained under pressure Wednesday as the price of WTI crude oil fell 3% to around $76.50 per barrel.
(Excerpt) Read more at finance.yahoo.com ...
Let me know when the market gets back to Trump levels.
If this economy is healthy, why is it demanding highly negative interest rates?
Trumps levels were as accurate as Zeros due to zero percent interest. Trump even floated negative rates to keep his levels up.
Monday- “Recession fears drive stocks downward “
Tuesday- “Stocks gain on good economic forecast “
Yeah it doesn’t make sense for stocks to rally and oil to fall. I mean more demand for gas if we don’t enter a recession.
Morale is improving in response to the continued beating. I think it is beginning to anticipate how good it feels when it stops.
Stocks all time highs were under biden. So was debt.
No. Trump said negative rates in other countries were unfair to the US economy. And he was right.
Ignore the n00b NeverTrumpers.....always finding pathetic excuses to bash Pres Trump.
Tech stocks are rising because of layoffs of tech workers. Employees are seen as a liability rather than an asset. It’s probably true for a lot of employees. Sometimes the willingness to restructure is a positive sign of future profitability.
34,715.39 when trump left.
34,140.00 today.
Your wish might just happen this week! You lucky duck!
I think the Trump economy was resilient enough to propel the market for at least one year after he left.
I think the Trump economy was resilient enough to propel the market for at least one year after he left.
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