On Monday, investors rotated out of cyclicals and into technology names after little updates on a fiscal aid package were revealed. The Dow Jones Industrial Average climbed 250 points and the S&P 500 gained 1.64%, both helped by a 6.4% jump in Apple's stock., which was pushed to October due to Covid-19, occurs on Tuesday and the company is expected to launch its first ever 5G iPhone.
With technology stocks leading the way, the Nasdaq Composite gained 2.56% on Tuesday, for its best day since September 9. Investors also weighed the possibility of a second coronavirus relief package from Washington. Over the weekend, the Trump administration called on Congress to pass a smaller $1.8 billion coronavirus relief bill as negotiations on a bigger package continue to run into roadblocks. However, House Speaker Nancy Pelosi In a letter to"This hardly seems about 'stimulus' anymore," Jim Paulsen, chief investment strategist at the Leuthold Group, told CNBC.
"Recently, the stock market has been rising whether news surrounding an additional stimulus package is good or bad, suggesting stocks are already responding to what will likely prove to be a wonderful quarterly earnings season," Paulsen added.
The trillions in losses coming in the next few years is not going to be fun. COVID or any virus doesn’t care about productivity or profits.
No Republicans have made the Stock market go up & stay! Why; because Republicans do not care about working-investors! Wealthy can afford to sell in bad news; small investors cannot! Now all the big money is in the MKT they sell; big dummies. I think it going Down!
Repubs & DT helped wealthiest; NOT WORKERS! What do workers need; MORE MONEY & BENEFITS; Republs & Trump know U do! Don’t care voters believe words. US workers are lied 2; they get NOTHING from DT. He finger point & lies! DT is pres why R workers suffering? Stop being fools!
Roll trump and earnest business will kick off again like it's the super-bowl. If it weren't for his father he wouldn't have a pot to piss in. All he has ever had to do is manage his inheritance and keep the business ties his dad made intact.
a big manipulator , JP morgan, citi , wellsfrago , softbank V is ready
That's Jim Cramer🔎 Gig 📈💸👍❗
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