The pandemic bull market: S&P 500 closes at record high

NEW YORK - The S&P 500 closed at a record high on Tuesday, rebounding from huge losses triggered by the coronavirus pandemic and crowning one of the most dramatic recoveries in the index’s history.

Doubts about the underlying health of the economy, however, persisted in Tuesday’s session, with lukewarm reactions to bumper results from Home Depot and Walmart limiting gains. “The rally has more to do with asset inflation, which is fueled by all the liquidity and all the continued support in the economy as well as the weakening dollar,” he added.The Dow Jones Industrial Average fell 66.84 points, or 0.24%, to 27,778.07, the S&P 500 gained 7.79 points, or 0.23%, to 3,389.78 and the Nasdaq Composite added 81.12 points, or 0.73%, to 11,210.84.

Data on Tuesday showed U.S. homebuilding accelerated by the most in nearly four years in July in the latest sign the housing sector is emerging as one of the few areas of strength in an economy suffering a record slowdown. That further added to market optimism.

I do not understand this and am quite leery of celebrating too much.

Thanks FED, who knew they could control the entire game?

Meanwhile the poor get poorer. Trump looking after his own. How can ordinary Americans believe him.?

Cool, the rich get richer while tend of millions of average Americans are still out of jobs

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stocks Open Higher, With S&P 500 Closing In On New Record HighStocks opened higher today with S&P 500 closing in on a new record high by skleb1234 skleb1234 the stock market is an indication of corporate health, not the economic wellbeing of the average citizen who has no skin in the game. stocks represent Trump's BFFs financial interests, not those of the everyday person. skleb1234 continent their fathers conquered.' 'The issuing power of currency shall be taken from the banks and restored to the people, to whom it properly belongs.' - Thomas Jefferson skleb1234 If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around(these banks) will deprive the people of all property until their children wake up homeless on the
Herkunft: Forbes - 🏆 394. / 53 Weiterlesen »

Stocks Open Higher, With S&P 500 Closing In On New Record HighThe market opened slightly higher to start the new week. Ugh
Herkunft: Forbes - 🏆 394. / 53 Weiterlesen »