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Posted on 08/06/2024 10:23:58 AM PDT by ChicagoConservative27
Stock markets bounced Tuesday morning after falling more than 1,000 points Monday in one of the largest drops since the economic shutdowns of the coronavirus pandemic.
The S&P 500 stock index was up more than 60 points, or 1.3 percent, in Tuesday morning trading while the Dow Jones Industrial Average climbed more than 300 points and the Russell 2000 index of smaller U.S. companies jumped by 1 percent.
Technology stocks continued to waver after Monday’s rout, though some were back in positive territory.
Apple stock was down more than 3 percent while Nvidia stock jumped more than 4 percent and Microsoft shares were up more than 2 percent.
Shares of Meta Platforms Inc. increased in value by more than 3 percent while Amazon stayed near its Monday close of about $161 per share.
Markets tanked Monday following a weaker-than-expected employment report released by the Labor Department on Friday that prompted a sell-off fueled by a strengthening yen
(Excerpt) Read more at thehill.com ...
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The market is down 1500 points since last week and they act like all is good because it made up 300 of those points gosh I despise these lying scumbags!
For years CBS radio news had a clever practice of putting stories about democrats at the very end, followed by a chipper “The stock market is up 20 points.”
On days when the market is down CBS would end with a report about republican success, followed by a terse “the stock market is down 20 points”
Well it was down over 1000 points yesterday. More mountains to climb.
It’s not a rebound nor a correction. Inside investors pulled their money out of certain stocks to put their money back in on warmongering stocks.
The stock market is the biggest crook ,ever
still down 1000 from last week.
Drops a thousand in one day, and inches back gains by 200-300 points. Always slow to make back what was lost in just a few hours.
fibonacci
Not gonna work for those inside investors this time, as DJT re-emerges. That abruptly stops the MIComplex conveyor belt to the Uke’s (as stated) and others perhaps not stated (mid-East and far-East).
Just correcting a short term oversold market.
Me, too.
If they celebrate and rub it in about doubts of the majesty of Kamala and Bidenomics---and swing states agree, then we are in deep trouble.
To investors here: I feel sorry for you but your sacrifice until November is over will save capitalism. It's okay to make all the money back in the Trump boom later.
You can't count your earnings in a concentration camp if the Dems win.
But that was waay high, you almost knew something wasn't quite right - it had to come back down to earth.
And August is traditionally a tough month for stocks.
My Morgan Stanley account manager called me yesterday and said, in effect, relax - most of my holdings are low-risk assets anyway (I'm nearing retirement).
As long as it holds together in time for adults to return to DC.
My local liberal news stations love to share when gas drops a few cents a gallon but never acknowledge it was over a dollar less a gallon when Trump was in office.
Only telling half the story is maybe THE most dispicable tactic lefty news outlets employ......that and not reporting on something all together.
They can play the numbers but if other countries are failing, we are not far behind this time around.
Dead cat bounce, these things happen during a downturn.
Maybe the ‘Plunge Protection Team’ took a long weekend, Friday through Monday, but are back at their computers and telephones today.
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