Wall Street capped its best quarter since 1998 on Tuesday with more gains, a fitting end to a stunning three months for investors as the market screamed back toward its record heights after a torrid plunge.
The quarter’s gains were ignited by promises of massive amounts of aid from the Federal Reserve and Congress. Low interest rates generally push investors toward stocks and away from the low payments made by bonds, and the Federal Reserve has pinned short-term interest rates at their record low of nearly zero.But most of Wall Street says not to expect anything close to a repeat of the rocking second quarter. A rise in infections has several states pausing their lifting of restrictions.
The S&P 500 gained 47.05 points to 3,100.29 on Tuesday. The Dow Jones industrial average rose 217.08 points, or 0.9%, to 25,812.88. It had briefly been down 120 points. The Nasdaq composite climbed 184.61 points, or 1.9%, to 10,058.77.The S&P 500 has rallied back to within nearly 8.4% of its record set in February, after being down nearly 34% in late March. At one point this month, it had climbed as close as 4.5%.
Insanely dumb tweet, sounds like was written by an orange toddler
It’s a fake stock market pumped full of liquidity from the Federal Reserve. Don’t rejoice. Look at the real economy.
...from one of the worst baselines in history.
Can’t wait for the riches to start trickling down. Amirite, people?!
How are these stocks doing well with everyone out of a job and the businesses are closing, states are losing billions of dollars? Where are these profits coming from? Tell me what it is that people are making money from these days of COVID?
This makes the dems so mad!
Further proof that the market has no relation to reality — only to bolstering 45's election prospects
In other words, if you still think that the stock market is an indication of how the economy is doing, you might be beyond help.
Well congrats to the rich folks who are making money off poor folks.
'a fitting end'! are you mad? is that humor? mania? what! If history books remain, lines like that will still drop jaws in a hundred years. You are the cautionary tale to the future.
What goes up must come down.
Stocks close out best quarter since 1998 with a Trillion new U.S. Treasury dollars in the casino marketplace
And if that doesn’t prove how rigged the system is I don’t know what would.
If most people are unemployed and on the verge of being evicted , who is making money ?!
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