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Stock markets rebound, Dow Jones up 300-plus points
The Hill ^ | 08/06/2024 | Tobias Burns

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 ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: dowjones; points; rebound; stockmarkets
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The of announcement of the socialist porch walrus Walz for VP saved the stock market! (S)
1 posted on 08/06/2024 10:23:58 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

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!


2 posted on 08/06/2024 10:25:58 AM PDT by mikelets456
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To: ChicagoConservative27

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”


3 posted on 08/06/2024 10:27:31 AM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)
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To: ChicagoConservative27

Well it was down over 1000 points yesterday. More mountains to climb.


4 posted on 08/06/2024 10:27:54 AM PDT by SeekAndFind
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To: ChicagoConservative27

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.


5 posted on 08/06/2024 10:28:26 AM PDT by T.B. Yoits
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To: mikelets456
dead cat bounce. Loooong way to go...


6 posted on 08/06/2024 10:29:38 AM PDT by C210N (Mundus vult decipi, ergo decipiatur.)
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To: ChicagoConservative27

The stock market is the biggest crook ,ever


7 posted on 08/06/2024 10:29:50 AM PDT by butlerweave
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To: ChicagoConservative27

still down 1000 from last week.


8 posted on 08/06/2024 10:30:24 AM PDT by 1Old Pro
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To: ChicagoConservative27

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.


9 posted on 08/06/2024 10:31:04 AM PDT by 9422WMR
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To: ChicagoConservative27
I think it's more a dead cat bounce than anything else.
10 posted on 08/06/2024 10:31:41 AM PDT by RayChuang88 (.FairTax: America's Economic Cure)
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To: ChicagoConservative27

fibonacci


11 posted on 08/06/2024 10:31:52 AM PDT by xoxox
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To: T.B. Yoits

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).


12 posted on 08/06/2024 10:32:00 AM PDT by C210N (Mundus vult decipi, ergo decipiatur.)
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To: ChicagoConservative27

Just correcting a short term oversold market.


13 posted on 08/06/2024 10:33:59 AM PDT by Thorium90
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To: mikelets456
gosh I despise these lying scumbags!

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.

14 posted on 08/06/2024 10:34:42 AM PDT by frank ballenger (There's a battle outside and it's raging. It'll soon shake your windows and rattle your walls.)
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To: 1Old Pro
"still down 1000 from last week."

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.

15 posted on 08/06/2024 10:36:02 AM PDT by Psalm 73 ("You'll never hear surf music again" - J. Hendrix)
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Comment #16 Removed by Moderator

To: mikelets456

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.


17 posted on 08/06/2024 10:37:58 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: ChicagoConservative27

They can play the numbers but if other countries are failing, we are not far behind this time around.


18 posted on 08/06/2024 10:38:33 AM PDT by Jumper
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To: ChicagoConservative27

Dead cat bounce, these things happen during a downturn.


19 posted on 08/06/2024 10:39:12 AM PDT by Bayard
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To: All

Maybe the ‘Plunge Protection Team’ took a long weekend, Friday through Monday, but are back at their computers and telephones today.


20 posted on 08/06/2024 10:39:15 AM PDT by LegendHasIt
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