Stocks Fall, Dow Loses 150 Points After Markets Rally Over 3% On Monday

The Dow Jones Industrial Average fell 0.6%, over 100 points, at Tuesday’s open, while the S&P 500 was down 0.3% and the Nasdaq was up 0.2%.

Stocks pointed to a pause following Monday’s rally: The market had its best day since early April, with the Dow and S&P both rising more than 3%. JPMorgan Chase CEO Jamie Dimon, in a letter to shareholders on Tuesday, said that the coronavirus crisis is a “ ” to create a more inclusive economy, one that “creates and sustains opportunity for dramatically more people.”during the first quarter, as people stocked up on groceries and other essentials during the pandemic.

Retail chain Kohl’s saw its stock bounce back, now up almost 3%, after the company reported net sales dropped byShares of Home Depot fell almost 2% after the home improvement retailer said its first quarter profits took a hit fromTuesday’s mixed open comes a day after the market had its biggest rally in six weeks, with the S&P and Dow both rising by more than 3% on Monday amid rising optimism over a coronavirus vaccine.

skleb1234 As the FED prints money to replace the loss of the funds from retirement contributions that have fueled the market for years. Just don't expect Wall Street to give them all back with any value left. It's a Ponzi scheme like Social Security.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These value stocks will 'catch up' to growth stocks once economy improves, Goldman saysNew for subscribers: These value stocks will 'catch up' to growth stocks once economy improves, Goldman says Check out CNBCPro for a free trial. Pro I just sold all my alibaba which I doubled along with KO and salesforce. Market has to bottom out after the job losses and China. Pro “These value stocks will 'catch up' to growth stocks once economy improves,” Goldman says. Interpretation: Goldman Sachs's third-quarter earnings fell 26%. Not exactly a record on which I would rely.
Source: CNBC - 🏆 12. / 72 Read more »

Stock market news today: Dow and S&P 500 updates - CNNOffice Depot stock surged today after announcing Friday it was closing some stores and laying off 13,000 employees, about one-third of its workforce Sad correlation? i thought they been closed up shop. still unfortunate to read. I usually only see 3 employees in my local store, so I'm assuming my store will be self service.
Source: cnnbrk - 🏆 393. / 55 Read more »

Dow futures retreat as stock-market investors await testimony from Powell, MnuchinU.S. stock-index futures indicated a lackluster start of trade on Tuesday, following the best day for the S&P 500 and the Dow since early April. Wall Street will be watching for congressional testimony from Federal Reserve boss Jerome Powell and Treasury Secretary Steven Mnuchin. mr_jettlife Markets will be up at the open! It’s all good as long as they keep those printers running.
Source: MarketWatch - 🏆 3. / 97 Read more »