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Stock market live Monday: Dow down 1%, Nasdaq green, Netflix surges

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“I think the market’s a little bit ahead of the economic fundamentals at the present time,” billionaire investor Leon Cooperman said today.

rose on Monday as stay at home stocks joined energy names as the winners to start the week. The streaming video company rose about 6% while Amazon gained 4.7%. Netflix hit a new 52-week high during the session for the first time since March 3. The tech-heavy Nasdaq Composite was holding up the best of the major indexes on Monday, down about 0.5% around midday.Around midday, the major averages fell broadly as Wall Street took a breather following the market's massive rally last week.

crude rose 2% to trade at $23.24, after earlier trading as much as 8% higher. International benchmark Brent crude rose 1.6% to $31.98.SCWorx shares rocketed more than 225% on Monday after the company said a health-care network has agreed to purchase some 48 million COVID-19 rapid testing kits over the next several weeks. The tests, purchased by Rethink My Healthcare, analyze blood for the presence of COVID-19 antibodies.

 

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I thought JoeK was on FoxNews

The markets were being artificially inflated,. Think about it Trump called his oil buddies to make gas more expensive... 6milliion plus on unemployment... Dead cat bounce....

Honestly who is buying here? Futures up? 80% of the country is closed and I would say 50% unemployed and buying essentials only. Ridiculous

That's an understatement. I have pitty for the poor 'investor's' who think this market is going to be stable. Not all ships sink at the same rate.

its not a market...its a ponzi get that right

he should buy.... cooper.

Shhhh don’t tell them!

Exactly

Uhh ya think? Market is trading at 2022 levels at the earliest

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