Posted on 02/06/2026 10:28:54 AM PST by abb
Dip-buyers remain a powerful force in U.S. markets.
A Friday surge brightened what had been a gloomy week on Wall Street, with bargain hunters flooding back to push the Dow industrials within reach of the 50000-point threshold.
The blue-chip average soared about 2%, or 1,025 points, to an intraday record above 49900. Nvidia gained around 7.5%. Caterpillar added 6%. 3M rose 4%.
Investments from tech stocks to cryptocurrencies bounced back from losses earlier in the week. The Nasdaq composite was up about 1.7% after dropping 4.5% in the past three sessions, reflecting investor concerns both about artificial-intelligence disruption and potential overinvestment. Bitcoin rose 10%, retaking much of Thursday's losses to trade near $70,000.
(Excerpt) Read more at wsj.com ...
|
Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
Somebody made a lot of money.
Nancy Pelosi made a bundle so did Omar
and there’s also this, quite unexpectedly:
US Consumer Sentiment Unexpectedly Rises to a Six-Month High
There was also some massive short selling for short term gains happening this week and past week.
The stock market is as rigged as the NFL.
How to say you don’t know what you’re talking about without saying you don’t know what you’re talking about.
“US Consumer Sentiment Unexpectedly Rises to a Six-Month High”
Always an important stat to watch. The sharp differences in “Sentiment” of different economic levels of the population is a bad sign, obviously.
I posit that the education system is the main culprit. Students have been taught to hate that which can make them successful.
Breaking News: End of the World Cancelled.
Media deeply saddened.
“The stock market is as rigged as the NFL.”
Nothing new. We can’t do anything about the rigging (both parties and many individuals are cheating) but great opportunities are still everywhere that don’t require cheating, so forward we go.
I’m not saying long-term it has much impact, but short-term there is a lot of news manipulation, meant to drive prices up and down, with folks with the inside information ready to take advantage.
Dow 50,000 just a few minutes ago
Hate this Trump economy...just soooo bad...Newsweek tells me so
They have their hats ready on the floor of the NYSE.
Turn those machines back on!!!
I know I did
Thanks again Mr. President.
The last shoe to drop is the S.C. decision on Tariffs.πΊπΈππ€
What about that jobs report though? It is signaling recession.
What decision is that?
If so. Katy bar the door.
If not. 3 more years of Biden economy.
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.