on the economy: The Central Bank forecasted unemployment will remain high for years and said interest rates will stay near zero until at least 2022.“Stocks were overdue for a pullback after rallying more than 40% off the March lows and pricing in what we believe is an overly optimistic economic outlook,” says Jeff Buchbinder, equity strategist for LPL Financial.
for 2020, fully recouping its losses from the coronavirus selloff earlier this year. But the market is now taking a sizable hit amid rising concerns over a second wave of coronavirus cases.
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skleb1234 There’s still a lot of trading left in the day
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Dow Jumps 800 Points As Stocks Try To Rebound From The Worst Sell-Off Since MarchStocks are up more than 2% after a massive sell-off on Thursday.
Source: Forbes - 🏆 394. / 53 Read more »
Stocks suffer their worst day since March, with the Dow plunging more than 1,800 pointsIt was a brutal day for the market. Stocks tanked Thursday in the market's worst day since the March sell-off as coronavirus cases increased in some states that are reopening. - The Dow fell 1,861 points. - The S&P 500 slid 5.89%. - The Nasdaq lost 5.2%. Don't tell tweety asshole Sarah Eisen needs to bring more optimism or the market falls apart The fall came as a no surprise to me and many others. The 'recovery' rally was a well organized Wall Street Madoff Ponzi scam. It fooled no one outside the US.
Source: CNBC - 🏆 12. / 72 Read more »
S&P 500, Dow slip ahead of Fed outlook; Nasdaq scales fresh highThe S&P 500 and Dow eased on Wednesday, as losses in financial stocks outweighed a boost from technology, with focus shifting to the Federal Reserve's first projections on the economy since the coronavirus outbreak. nutts in motion.
Source: Reuters - 🏆 2. / 97 Read more »