U.S. stocks capped significant weekly gains on Thursday after the Federal Reserve made a surprise announcement that it would deploy $2.3 trillion of funds through its lending programs to support the broader economy. Equity exchanges will be closed tomorrow in observance of the Good Friday holiday. The S&P 500 SPX, +1.44% was up 1.4% to end at 2,790. The Dow Jones Industrial Average DJIA, +1.22% advanced 286 points, or 1.2%, to finish around 23,719, based on preliminary numbers.
The Nasdaq Composite COMP, +0.77% climbed 0.8% to finish around 8,154. For the week, the S&P is up 12.1%, the Dow is up 12.7%, and the Nasdaq is up 10.6%. Data showed another 6.6 million Americans claimed unemployment benefits in the latest week.
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Stocks Jump, Brushing Off Unemployment Numbers, After Fed Pumps Another $2.3 Trillion Into The EconomyDespite more than 6 million new job losses, the stock market opened higher today, after the fed pumped another $2.3 trillion into the economy by skleb1234 skleb1234 Amazing timing for the pump👏 skleb1234 If you're at home and looking for more ways to support American Businesses, please fill out our survey. → Your response is important! MadeinAmerica AmericanMade StayHome skleb1234 Keep pumping!
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HHS: Federal stocks of protective equipment nearly depletedThe federal stockpile is distributing its last remaining N95 respirators, surgical masks and other supplies desperately needed to protect front-line medical workers treating coronavirus patients, the government says. I give it until Friday before a story breaks that the Trump administration has a secret stash that Republican governors will find themselves the beneficiary of. Great get it out of there. It’s not helping anyone sitting in a warehouse somewhere. If only there was a way to force companies to make PPE.
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As stocks give up gains, Cramer and others weigh in on the state of the marketStocks gave up gains late Tuesday. Three market experts say equities are not yet in the all-clear. TradingNation Lol lol all medias are fake , fisrt Say up and up , with the manipulation od Trump, now see this manipulation and compare with the reality TradingNation I wonder why stocks gave up gains!? 3:50pm algos/computer traders ALL dumped shares at exact same second. Take a look at 95% of stocks & they all had HUGE VOLUME & HUGE PRICE DROP 3:50. And this is not market manipulation how exactly? Retail investor does this=arrested!! TradingNation When the big money crashes the market people will throw their arms up & tears will flow. But I have been warning about this for years & no one listens. I’m making money in the market daily. I just think it’s BS that at any moment they can F$k average investors. And they do!!!
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