After a volatile day of trading, the stock market bounced back on Tuesday amid reports that the Trump administration is making progress on plans for a massive fiscal stimulus package that could exceed $1 trillion in an effort to reinvigorate the U.S. economy.
The Dow Jones Industrial Average rose 5.2%, over 1,000 points, on Tuesday, while the S&P 500 gained nearly 6% and the Nasdaq Composite was up 6.2%. The Dow at one point briefly dipped below 20,000 for the first time since February 2017, before rallying later in the day.
Mnuchin is expected to unveil the massive financial stimulus measures, which dwarf those passed by Congress during the 2008 financial crisis in the Senate late on Tuesday. "I think our economy will come back very rapidly if we do this right... our country can be rolling again pretty quickly," TrumpAs of Tuesday, only 15 stocks in the S&P 500—just 3% of the entire benchmark index—are still positive after the coronavirus market sell-offs that have taken place over the last month, according to Bloomberg data. 485 companies are currently in the red during that time period.
skleb1234 It's got a long way to bounce back!
skleb1234 Oh, the day is young, impotus will open his mouth and screw it up again in no time.
skleb1234 Hope this also reflect into the world market
skleb1234 Did none of these geniuses learn about demand side economics in business school? Nothing they can do will change the fact that people just aren’t getting wages or shopping right now m?
skleb1234 Wow we were all worried there for a minute that rich investors we're going to maybe lose some money so we're glad that you rich fuckers you'll come out of this without a scratch! There's an economic war coming after this is over! You can bet your life on it!
skleb1234 Saving people's lives is saving economic
skleb1234 You mean Trump talked to Bernie. Alright. fina;lly.
skleb1234
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Source: CNBC - 🏆 12. / 72 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »
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Source: AP - 🏆 728. / 51 Read more »
Stocks Rise Sharply in Volatile TradingU.S. stocks recovered ground after a punishing Monday selloff as the Federal Reserve and White House moved to soften the economic blow of the coronavirus pandemic. stealing money from tax donkeys since 1942 only to give them a little back as cover for giving A LOT of taxpayer monies to corporations that did nonstop buybacks Too little too late. We’re screwed. yeah, total bullshit helping ONLY those who own stocks..... we need to see a BANK MORATORIUM ON ALL PAYMENTS. WE BAILED THEM OUT LAST TIME AND THEY PARTIED, THIS TIME IT'S THEIR TURN......
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Stock market news live: Stocks boosted by Trump coronavirus stimulus plans; Dow rockets over 1,000 pointsStocks jumped Tuesday, offering some respite from selling after Monday’s declines sent the Dow off by its largest percentage drop since Black Monday of 1987. I can’t until it drops double that again 😭
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