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Keyword: stockmarket

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  • Dow up nearly 700 points after jobs report shows surprise jump in payrolls, fall in unemployment rate

    06/05/2020 8:03:45 AM PDT · by ConservativeInPA · 77 replies
    MarketWatch ^ | June 5, 2020 | William Watts and Mark DeCambre
    Stocks rose sharply Friday after the U.S. May jobs report showed a surprise 2.5 million jump in payrolls and a drop in the unemployment rate to 13.3% as businesses began to reopen from the COVID-19 pandemic lockdowns. How are benchmarks performing? The Dow Jones Industrial Average DJIA, +3.16% jumped 692.87 points, or 2.6%, to 26,974.69, while the S&P 500 SPX, +2.53% rose 68.63 points, or 2.2%, to 3,180.98. The Nasdaq Composite COMP, +1.88% advanced 160.03 points, or 1.7%, to 9,775.85. On Thursday, the Dow ended 11.93 points, or less than 0.1%, higher at 26,281.82. The fourth straight gain matches a...
  • May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus

    06/05/2020 7:43:33 AM PDT · by Lazamataz · 48 replies
    CNBC ^ | PUBLISHED FRI, JUN 5 20208:31 AMQQ | Q
    Nonfarm payrolls rose by 2.5 million in May and the unemployment rate fell to 13.3%. Wall Street estimates had been for a decline of 8.3 million and a jobless level of 19.5%, which would have been the worst since the Great Depression era. Much of the gain came from those classified as temporary layoffs due to the coronavirus-related economic shutdown. Leisure and hospitality represented almost half the jobs gained. Employment stunningly rose by 2.5 million in May and the jobless rate declined to 13.3%, according to data Friday from the Labor Department that was far better than economists had...
  • Trump declares victory as US unemployment drops to 13.3%

    President Donald Trump took a victory lap on news of a 13.3% US unemployment rate Friday, announcing in a tweet he would be holding a surprise news conference at 10:00 a.m.
  • LIVE: President Trump holds a Press Conference, 6/5/2020 10AM EDT

    06/05/2020 6:20:10 AM PDT · by Buckeye McFrog · 209 replies
    whitehouse.gov ^ | 6/5/2020 | Donald J. Trump
    President Trump holds a Press Conference on 6/5/2020 at 10AM EDT. Links below. https://www.whitehouse.gov/live/ https://www.youtube.com/watch?v=uFCvKNOU8Hg&feature=youtu.be
  • The Dow Is Soaring Because No One Really Doubts the Rally Anymore

    06/03/2020 3:27:12 PM PDT · by Signalman · 29 replies
    Barrons ^ | 6/3/2020 | Ben Levisohn
    Nothing’s Gonna Stop Us Now. Another day, another rally for the stock market, this time buoyed by some actual good news. The stock market’s rally in recent weeks has felt awfully disconnected from the grim reality on the ground. And that only felt more true as protests erupted around the country following the killing of George Floyd by a Minneapolis policeman. Investors, however, are motivated by fear and greed, and right now both are helping—fear of missing out and greed as the market goes higher. That’s especially true after the bleakness was interrupted by some better economic news—the ADP payrolls...
  • Dow Rises More Than 500 Points, Nasdaq Nears Record High.....

    06/04/2020 7:50:16 AM PDT · by caww · 44 replies
    breitbart ^ | 6/3/2020 | JOHN CARNEY
    The Dow Jones Industrial Average rose 527 points, or 2.05 percent. The S&P 500 moved up 1.36 percent, its fourth day of gains. The tech-heavy Nasdaq Composite gained 0.78 percent, climbing within two percent of the all-time high hit in February. All 11 sectors of the S&P were up. Industrials and financials were the best performing sector, rising by 3.91 percent and 3.83 percent respectively.
  • Nasdaq ends 1.4% off record close as stock-market lurches higher, following economic data pointing to less severe COVID-19 downturn

    06/03/2020 3:42:22 PM PDT · by lasereye · 17 replies
    Marketwatch ^ | June 3, 2020 | Mark DeCambre
    U.S. stocks finished higher Wednesday, adding to several sessions of gains as economic data pointed to less severe damage from the COVID-19 pandemic than feared, leaving major equity benchmarks at their loftiest levels since early March. The Dow Jones Industrial Average DJIA, +2.04% advanced 527.24 points, or 2.1%, to close at 26,269.89, while the S&P 500 SPX, +1.36% rose 42.05 points, or 1.4%, to end at 3,112.87, the highest finish for both benchmarks since March 4, according to Dow Jones Market Data. The Nasdaq Composite Index COMP, +0.77% rose 74.54 points, or 0.8%, ending at 9,682.91, or 1.4% away from...
  • Dow Rallies To 3-Month Highs Despite Civil Unrest; Zoom Soars After Hours

    06/03/2020 10:38:29 AM PDT · by SeekAndFind · 26 replies
    Investor's Business Daily via Yahoo Business ^ | 06/03/2020 | NANCY GONDO ,Investor's Business Daily
    Stocks rallied into the close Tuesday, with the Dow Jones Industrial Average in the lead despite continued civil unrest and tough talk from President Donald Trump. The Dow Jones industrials rallied nearly 1.1%, the S&P 500 rose 0.8%, and the Nasdaq gained 0.5% in today's stock action. Small caps tracked by the Russell 2000 advanced 0.8%. Early data showed higher volume on both major exchanges vs. Monday. Though the Nasdaq lagged Tuesday, the recent resurgence in tech stocks has lifted the tech-heavy index to a 6% year-to-date gain through Monday's close. The S&P 500 is down 5% year to date...
  • Dow futures rise 180 points as optimism grows over the reopening of the economy

    06/03/2020 4:52:44 AM PDT · by John W · 17 replies
    CNBC.com ^ | June 3, 2020 | Fred Imbert & Maggie Fitzgerald
    U.S. stock futures rose in early trading on Wednesday as markets continued to rally on optimism over economies emerging from coronavirus-led shutdowns. The S&P 500 is up 1% so far in June, bringing its gain from its pandemic low in March to more than 40%. 
  • stock strategy given current uncertainty

    06/02/2020 1:42:02 PM PDT · by SteveH · 10 replies
    me | 6/2/2020 | me
    given current uncertainties (in which one could include the potential for war with china over hk or tw), what should a prudent stock strategy be? givens: * recently invested in sp 500 index fund last december; currently hurting at -4.29%. perceived background: * lots of stimulus money sloshing around (?) where is all of that stimulus money ending up(?) * tensions with china and an apparent ongoing deep state aversion to trump's re-election asking for a friend
  • Here We Go: Stock Market Selloff Starts Tomorrow?

    A couple of major signals suggest market selloff soon. As of past couple of days, T-Bond Futures are not correlating with the current rise in the stock market; this has historically meant a selloff eminent. Second, volume analysis suggests the very upper limit of this rally is when the S&P hits 3069 for this week. So, the selloff could come today (5/28/2020) if S&P hits 3069.
  • Stock Market Tells the Tale: Trump Set to Win in November

    05/28/2020 6:18:13 AM PDT · by Kaslin · 51 replies
    American Thinker.com ^ | May 28, 2020 | Mark Deutchle
    What is the stock market telling us about the November election? Despite the fact that America currently has over 38 million unemployed workers, the market is down 8.5% this year, having gone up 32% since the late March low. Why is the stock market going up while our economy teeters on the edge of a Great Depression? There are several factors currently at work in the market with the most obvious being the extraordinary intervention by our leaders in Washington. Congress has authorized mind-boggling amounts of stimulus funds while the Fed has signaled that it is ready to purchase nearly...
  • U.S. Stock Futures Extend Rally

    05/27/2020 2:54:44 AM PDT · by abb · 21 replies
    The Wall Street Journal ^ | May 27, 2002 | Frances Yoon & Anna Isaac
    U.S. stock futures and European shares rose Wednesday on optimism that economic activity is gathering steam and authorities may offer more stimulus to bolster the recovery. Futures tied to the S&P 500 rose 1.2%, suggesting that the gauge’s 1.2% rally on Tuesday may be extended after the New York opening bell. European stocks also ticked higher, with the pan-continental Stoxx Europe 600 advancing almost 1%. Investors are cheering signs that the White House and Congress are considering more measures to blunt the impact of historic levels of unemployment on the economy. The Trump administration is examining proposals to provide cash...
  • S&P 500 Looks Healthier Than It Is, Surges Past 3,000. How To Diagnose It.

    05/26/2020 8:21:03 AM PDT · by SeekAndFind · 19 replies
    Forbes ^ | 05/26/2020 | Rob Isbitts
    Once again, a few stocks lead the many. This is a time for pre-retirees to understand what that means. This is probably a good time to remind you that I am neither a bull nor a bear. I am a realist. So, while some professional investors manage money with an emphasis on “where’s the market going,” I favor a different approach. I cut the market into many smaller pieces, and make decisions based on more of a “weight of the evidence” approach. That is, I don’t stop my market analysis after checking out the S&P 500, Dow and Nasdaq NDAQ....
  • Cuomo rings bell as NYSE reopens to big gains

    05/26/2020 7:15:34 AM PDT · by yesthatjallen · 13 replies
    The Hill ^ | 05 26 2020 | Niv Elis
    A masked Gov. Andrew Cuomo (D) rang the opening bell Tuesday as the New York Stock Exchange trading floor opened for the first time in two months. The markets opened to a surge of optimism following Memorial Day weekend as the country began to reopen and news of additional potential vaccine candidates has surfaced. The NYSE's iconic trading floor has been shuttered since March 23, as cases of the coronavirus in New York skyrocketed, making the city the U.S. epicenter of the virus. The Dow Jones Industrial Average was up 600 points, or 2.4 percent, while the S&P 500 rose...
  • Why the Threat of Delisting Chinese Stocks Is Great News for Investors

    05/22/2020 8:11:38 PM PDT · by SeekAndFind · 8 replies
    Money and Markets ^ | 05/22/2020 | Matthew Clark
    The U.S. Senate approved legislation Wednesday that would require companies listed on stock exchanges to certify they aren’t under the control of a foreign government.It specifically takes aim at companies based in China that could be working under the influence of the Communist government in Beijing.The news sent shares of Chinese e-commerce giant Alibaba Group Holding Ltd. (NYSE: BABA) tumbling Wednesday. Shares were down another 3% through afternoon trading Thursday.Lawmakers have expressed concern that American money is funding Chinese efforts to dominate fields from artificial intelligence to internet data collection.“I do not want to get into a new Cold War,”...
  • If the market is so good, why is Berkshire Hathaway trading down -3500 at low for day?

    05/19/2020 12:57:12 PM PDT · by MeneMeneTekelUpharsin · 56 replies
    Financial News | 19 May 2020
    Berkshire Hathaway trading at low of the day after market was up over 900 points yesterday. Wonder what the big boys know that we don't know?
  • Nasdaq Informs China’s Luckin Coffee It Plans to Delist It

    05/19/2020 12:44:02 PM PDT · by SeekAndFind · 10 replies
    HONG KONG/NEW YORK—Luckin Coffee Inc said on Tuesday that Nasdaq Inc has given it notice that it plans to delist it from the U.S. stock exchange, a month after the Chinese coffee chain disclosed that some of its employees fabricated sales accounts. The move underscores Nasdaq’s renewed focus on the auditing standards of companies on its bourse. This week it tightened its listings rules with an eye to curbing initial public offerings (IPOs) of Chinese companies that are closely held by insiders and are not transparent about their accounting, Reuters reported on Monday. Luckin said in early April that as...
  • Dow soars more than 800 points as stocks turn positive for May on Coronavirus vaccine hopes

    05/18/2020 10:09:52 AM PDT · by SeekAndFind · 28 replies
    MarketWatch via Yahoo Finance ^ | 05/18/2020 | Mark DeCambre
    U.S. stocks soared on Monday, erasing May losses, after drugmaker Moderna announced positive, early results from its first human trial of its experimental Covid-19 vaccine, boosting hopes that the medical community was making progress against the coronavirus. Risk assets also received a boost after Federal Reserve Chairman Jerome Powell on Sunday night struck a more upbeat tone on the U.S.’s growth prospects, while highlighting that the central bank still retained tools to limit the economic downturn. The Dow Jones Industrial Average DJIA, 3.59% surged 813 points, or 3.4%, to 24,498. The S&P 500 SPX, 3.16% rose 86 points, or 3%,...
  • Real Estate CEO makes $1.6M off volatile stock market during pandemic, gives it all to employees

    05/17/2020 10:50:28 AM PDT · by SeekAndFind · 5 replies
    The Hill ^ | 05/01/2020 | BY BROOKE SEIPEL
    The CEO of an Ohio-based real estate investment firm made $1.6 million in just eight days as the volatile stock market fluctuated drastically in response to the coronavirus pandemic. But rather than keep the money himself, he is giving it out as bonuses to his employees. Larry Connor, the founder and owner of The Connor Group, announced the decision in a video to employees. "I started to think about probably our most important core values: Do the right thing and people count," he says in the video. "I'm taking the entire $1.6 million and dividing it up among all of...