Stocks close out best quarter since 1998 with more gains

Wall Street capped its best quarter since 1998 on Tuesday with more gains, a fitting end to a stunning three months for investors as the market screamed back toward its record heights after a torrid plunge.

The quarter’s gains were ignited by promises of massive amounts of aid from the Federal Reserve and Congress. Low interest rates generally push investors toward stocks and away from the low payments made by bonds, and the Federal Reserve has pinned short-term interest rates at their record low of nearly zero.But most of Wall Street says not to expect anything close to a repeat of the rocking second quarter. A rise in infections has several states pausing their lifting of restrictions.

The S&P 500 gained 47.05 points to 3,100.29 on Tuesday. The Dow Jones industrial average rose 217.08 points, or 0.9%, to 25,812.88. It had briefly been down 120 points. The Nasdaq composite climbed 184.61 points, or 1.9%, to 10,058.77.The S&P 500 has rallied back to within nearly 8.4% of its record set in February, after being down nearly 34% in late March. At one point this month, it had climbed as close as 4.5%.

Insanely dumb tweet, sounds like was written by an orange toddler

It’s a fake stock market pumped full of liquidity from the Federal Reserve. Don’t rejoice. Look at the real economy.

...from one of the worst baselines in history.

Can’t wait for the riches to start trickling down. Amirite, people?!

How are these stocks doing well with everyone out of a job and the businesses are closing, states are losing billions of dollars? Where are these profits coming from? Tell me what it is that people are making money from these days of COVID?

This makes the dems so mad!

Further proof that the market has no relation to reality — only to bolstering 45's election prospects

In other words, if you still think that the stock market is an indication of how the economy is doing, you might be beyond help.

Well congrats to the rich folks who are making money off poor folks.

'a fitting end'! are you mad? is that humor? mania? what! If history books remain, lines like that will still drop jaws in a hundred years. You are the cautionary tale to the future.

What goes up must come down.

Stocks close out best quarter since 1998 with a Trillion new U.S. Treasury dollars in the casino marketplace

And if that doesn’t prove how rigged the system is I don’t know what would.

If most people are unemployed and on the verge of being evicted , who is making money ?!

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Stocks close out best quarter since 1998 with more gainsWall Street closed out its best quarter since 1998 with stocks posting more gains. The S&P 500 climbed 1.5%, bringing its gain for the quarter to nearly 20%. Stocks are still well below the record high they reached before the coronavirus lockdowns began. Yeah it's been good fake money based on rich people feelings. wow i guess everything is great then
Herkunft: AP - 🏆 728. / 51 Weiterlesen »

Stocks close out best quarter since 1998, clawing back most Q1 lossesThe Dow and S&P 500 advanced more than 16 percent and the Nasdaq spiked more than 30 percent in the second quarter as investors banked on a slow-but-sure recovery. thank you realDonaldTrump !!!! When the rest of the country is out of work and suffering, hurrah for the God Damn Stock Market. Legal gambling for the wealthy, making money off the deaths of Americans.
Herkunft: washingtonpost - 🏆 95. / 72 Weiterlesen »

Stock market live updates: Stocks mixed, best quarter since 1998, Micron jumpsStocks opened in the red on the last trading day of the quarter. Follow along with the latest stock market updates here:
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

The Stock Market Just Had Its Best Quarter Since 1998The strong gains come even as new coronavirus cases surge across the country. skleb1234 And? That doesn’t mean shit when 45 million Americans are unemployed!!! skleb1234 U.S. economy is objectively awful right now. The unemployment rate is at levels not seen since the 43 months of Great Depression and this quarter’s decline in gross domestic product is expected to be the worst on record. Most economists believe it will take years to recover skleb1234 Didn’t it just have its worst yet in like 30 years? 😂 So much volitility
Herkunft: Forbes - 🏆 394. / 53 Weiterlesen »