Skip to comments.Stocks stage biggest turnaround in 3 months to end higher
Posted on 06/15/2020 1:32:21 PM PDT by abb
U.S. stock benchmarks shook off sharp opening losses Monday to stage the sharpest reversal since late March, with stocks closing higher after the Federal Reserve said it would expand an existing stimulus program to allow it to buy individual corporate bonds. The Dow Jones Industrial Average DJIA, +0.61% added 158 points, 0.6%, to close near 25,763, after being down by as many as 762 points, or nearly 3%; while the S&P 500 SPX, +0.83% rose 25 points or 0.8%, to close near 3,067. The Nasdaq Composite COMP, +1.43% jumped 137 points, 1.4%, ending trading near 9,726. The turnaround for the S&P 500 and the Dow represented their biggest intraday comeback since March 19, according to Dow Jones Market Data, while it was the biggest turnaround for the Nasdaq since May 27.
(Excerpt) Read more at marketwatch.com ...
I’m close to retirement. I’m trying to remain calm. :)
Larry Kudlow indicated that the Administration was disinclined to institute further Covid-19 lockdowns.
RE: DJIA, +0.61% added 158 points,
YAWN! Wake me up when the DJIA recovers its nearly 1,800 point drop last Thursday.
RE: Larry Kudlow indicated that the Administration was disinclined to institute further Covid-19 lockdowns.
Yeah, but New York’s governor STILL threatens to continue the lockdown.
You and me both. My entire retirement consists of a 403B and Social Security.
I'd like to have at least one of those available when I retire next year at 62...
The FED announced that they will begin buying individual corporate bonds.
I’m very interested in knowing who the buyers were. It sounds like China.
Maybe Joe Biden (bless his heart) had a stroke.
It’s already 1/3 of the way back.
Social Security will always be with us, the gloom and doomers notwithstanding.
So am I. But I've been hearing "doom and gloom" since 1979. Someday the doomers are bound to be right but I've had a decent ride over the past 40 years. Just need 5 more!
At this point, a stroke could only HELP, Plugs!!
Oh, to be young again.
Nobody else finds the federal reserve buying individual company stocks and bonds a bit troublesome? State owned businesses? What has history possibly shown us on this matter?
Same here, I’m fairly diversified. So far I’m only down 3% since last December..
Of course it is. Nobody in charge wants to take away the JPowell printer.
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