Blink and you may have missed it — the Dow Jones Industrial Average DJIA, -3.86% is in a bull market, reached on a day when data showed a record number of people filing for unemployment benefits.
John Velis, a currency and macro strategist for the Americas at BNY Mellon, isn’t convinced the market has reached a bottom. He points out that recent bear markets had plenty of powerful rallies. “COVID-19 infections in the United States are still growing in number and we are not close to the peak of ‘the curve.’ Indeed, one could argue the worst is yet to come on the public health front, and this could entail ever more pain on businesses and employees — and the market,” he writes.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks open lower on Wall Street following a big 3-day rallyStocks fell Friday morning on Wall Street as investors waited for Congress to deliver a big financial rescue package aimed at cushioning ailing businesses and households from the coronavirus... Quick shovel more bodies into the volcano to appease the Market Gods! Suckers getting fleeced. *AGAIN* They'll never learn. flattening the curve, so to speak.
Source: AP - 🏆 728. / 51 Read more »
Wall Street analysts upgrade stocks like Boeing and Home Depot on hopes the market has bottomedNew for subscribers: Wall Street analysts upgrade stocks like Boeing and Home Depot on hopes the market has bottomed Check out CNBCPro and get your first 30 days free. Pro Sell signal Pro It hasn’t. The market is stupid. Pro I like how these stocks are being upgraded and downgraded every week, as if there’s a strong indication that there is any logic in the market right now.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks Fall, Ending 3-Day Rally, As Wall Street Weighs Possible Delay Of $2 Trillion Stimulus BillThe market was down on Friday, after rising more than 20% earlier this week. RepThomasMassie For one man’s self recognition, happy to loose your country . Get out of the parliament into the hospitals that’s trying to save lives. See for yourself what you are stopping, *saving lives*. Can you Face the deaths that are mounting every minute.
Source: Forbes - 🏆 394. / 53 Read more »