Dow gains more than 500 points on second best day of the year for stocks

The Dow finished the day up 512 points, or 2.1% — its best day since January 4. The Nasdaq closed 2.7% higher, erasing its losses after a steep selloff on Monday that was driven by worries about tech regulation.The S&P 500 , meanwhile, ended up 2.1%. Both the Nasdaq and the S&P recorded their best days since January 4.Just last week, this picture looked substantially different. The trade war has put pressure on equities.

Louis Fed President James Bullard said the central bank may need to cut interest rates soon amid concerns about weak inflation and risks to economic growth.Although Powell didn't echo Bullard's more explicit expectation for a rate cut, investors seems to have heard all they needed to hear.According to the CME's FedWatch tool, market expectations for an interest rate cut at the Fed's July meeting are 65%, having moved significantly higher over the course of the day.

Investors must be happy that the gop is standing up against trump re the tariffs.

Trump2020LandslideVictory

Don’t you mean “recovered some of the losses from last week?'

Didn’t fake news CNN just report the other day that the stock market was crashing from trumps trade war? It’s almost like CNN reporters suck at their jobs or are just dumb. Winning

After the worst month

Thank you president Trump

It’s because Trump is serious on the import export trade balance, AMERICAN companies know its the right thing to do and Trump is the only one to fix it, just like he said in the campaign. Promises made promises kept!🇺🇸

The news just keeps getting worse and worse for the far-left CNN, which suffered a 16 percent primetime ratings collapse last month.

Damn that Trump guy.

thats because trump is staying quiet on twitter, shhhh if he discovers this he'll start back in

But you said the Mexico Tariffs would sink the Dow?

Yes, it was a good day. But let’s remember this is the fourth time in 1.5 years (or is it the fifth?) that the market closed above 25K.

GEE and just a week ago CNN 'EXPERTS' were sure that the world was ending... Guess this is Trumps fault too, U-NO People making money... Do you still sit in meetings and wonder why your ratings are continually lower than … everything?

all because trump has left the country, this happens every time.. is that a sign ?

Thank you Obama!

KeepAmericaGreat

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Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »