Stock Market Soars, Nothing to Do With Trump
For the past 2 years the Dow Jones has been on a record increase.
I listen to NBC News every night, hardly a mention of it. Because it would make Trump look good.
A few days ago there was a drop in the market. It was headlines on NBC Nightly News, and Trump was at fault.
Today, the Dow jumped 500 points, not a mention of it on NBC or CNN.
These "journalists" are pathetic in their attempt to damage our President.
New York Post
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BUSINESS
Dow soars more than 500 points on bank earnings, tech rebound
By Carleton English October 16, 2018 | 1:58pm | Updated
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Dow soars more than 500 points on bank earnings, tech rebound
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The Dow Jones industrial average soared 547.87 points ? or 2.2 percent ? to 25,798.42 Tuesday as big Wall Street banks reported surprisingly strong earnings and tech stocks recovered from last week?s carnage.
The S&P 500 and Nasdaq were up 2.2 percent and 2.9 percent, respectively.
Tuesday?s rebound comes after a bloody week on Wall Street in which the major indices each shed roughly 4 percent over the five-day period on worries over rising interest rates. The Dow alone plunged a staggering 1,300 points between Wednesday and Thursday.
This is a ?snapback rally,? Bruce Bittles, chief investment strategist at RW Baird, told The Post.
?The market came into this week oversold,? he added.
Worries of rising interest rates spooked investors into selling both stocks and bonds last week.
But a shortage of stock buyers exacerbated the selloff as many publicly traded companies were in their quiet period and unable to buy back their stock before reporting earnings.
?The bounce wouldn?t have been this good if the market wasn?t oversold,? Bittles said.
All of the Dow?s 30 stocks were traded solidly in the green territory Tuesday, with UnitedHealth being the big winner and soaring 4.7 percent followed by Nike, which gained 3.3 percent.
Banking behemoth Goldman Sachs, which reported results before Tuesday?s open, was up 3 percent after announcing a 19 percent increase in profits.
Tech stocks ? particularly the so-called FAANG stocks ? got a nice pop in Tuesday?s action after taking a beating last week as investors traded out of high-growth companies.
Facebook and Amazon both rallied 3.4 percent while Apple and Google-parent Alphabet were up 2.2 percent and 2.7 percent, respectively.
Netflix, which reported earnings after the bell, gained 4 percent in regular day trading and soared 12 percent after-hours.
I listen to NBC News every night, hardly a mention of it. Because it would make Trump look good.
A few days ago there was a drop in the market. It was headlines on NBC Nightly News, and Trump was at fault.
Today, the Dow jumped 500 points, not a mention of it on NBC or CNN.
These "journalists" are pathetic in their attempt to damage our President.
New York Post
Copy
BUSINESS
Dow soars more than 500 points on bank earnings, tech rebound
By Carleton English October 16, 2018 | 1:58pm | Updated
Modal Trigger
Dow soars more than 500 points on bank earnings, tech rebound
Getty Images
MORE ON:
STOCK MARKET
This secretive group intervenes in moments of financial crisis
Reader is upset about warning on stock market bubble
Market corrections aren't fun, but they're completely normal
Dow jumps 287 points after steep two-day selloff
What Wall Street worries?
The Dow Jones industrial average soared 547.87 points ? or 2.2 percent ? to 25,798.42 Tuesday as big Wall Street banks reported surprisingly strong earnings and tech stocks recovered from last week?s carnage.
The S&P 500 and Nasdaq were up 2.2 percent and 2.9 percent, respectively.
Tuesday?s rebound comes after a bloody week on Wall Street in which the major indices each shed roughly 4 percent over the five-day period on worries over rising interest rates. The Dow alone plunged a staggering 1,300 points between Wednesday and Thursday.
This is a ?snapback rally,? Bruce Bittles, chief investment strategist at RW Baird, told The Post.
?The market came into this week oversold,? he added.
Worries of rising interest rates spooked investors into selling both stocks and bonds last week.
But a shortage of stock buyers exacerbated the selloff as many publicly traded companies were in their quiet period and unable to buy back their stock before reporting earnings.
?The bounce wouldn?t have been this good if the market wasn?t oversold,? Bittles said.
All of the Dow?s 30 stocks were traded solidly in the green territory Tuesday, with UnitedHealth being the big winner and soaring 4.7 percent followed by Nike, which gained 3.3 percent.
Banking behemoth Goldman Sachs, which reported results before Tuesday?s open, was up 3 percent after announcing a 19 percent increase in profits.
Tech stocks ? particularly the so-called FAANG stocks ? got a nice pop in Tuesday?s action after taking a beating last week as investors traded out of high-growth companies.
Facebook and Amazon both rallied 3.4 percent while Apple and Google-parent Alphabet were up 2.2 percent and 2.7 percent, respectively.
Netflix, which reported earnings after the bell, gained 4 percent in regular day trading and soared 12 percent after-hours.
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The press and media in general will never give Trump a break. Profit taking on the stock market is anyone's gamble or guess. There are bound to be some crazy goings on to disrupt the Nov 6 election... 0 -
In truth, the market jumps up and down with very little actually going on. Bad news, the Japanese stock market drops, the price of oil goes up or down. I think it is a really bad case of the vapors. If you did not sell when it dropped you did not lose anything. I bought when it dropped, down 500 is an opportunity. 0 -
quote:Originally posted by jim_lemay
Lets hope it is not "Dead Cat Bounce"
They are all dead cat bounce at this point. A big correction will happen at some point, sooner or later...just my opinion.0 -
a "journalist" creates the news in his views... a REPORTER tells it like it is...DAMN FEW of the latter left in the media now 0 -
Same with the Saudi thing, first he unjustly accused them now he sides with them. 0
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