U.S. stocks surged Wednesday, rebounding after a three-session selloff in big technology stocks that pushed theThe stocks that drove the downturn—Apple, Microsoft and Amazon.com, among others—led the bounceback as well, all climbing at least 3.7%. Those shares began retreating last week after soaring this year, benefiting from the stay-at-home orders implemented to slow the coronavirus pandemic.
Their gains pulled the Nasdaq up 293.87 points, or 2.7%, to 11141.56, recovering some of the losses it suffered during its steepest three-day drop since March. The Dow Jones Industrial Average rose 439.58 points, or 1.6%, to 27940.47, and the S&P 500 gained 67.12 points, or 2%, to 3398.96. Both indexes are still lower for September.
The Nasdaq has logged 43 record closes this year, the most recent just a week ago. Its fall from a record into correction territory—a decline of at least 10% from a recent high—was the fastest in history.
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The wealthy are doing fine but societies aren't. Greed will be the destruction of the markets and of society. Of course, that won't happen overnight and the wealthy are more insulated from harm so why worry? Grab it all now, right?
All aboard the Trump train. He is making america great and it shows it. maga
Why do the article and the tweet seem oxymoronic?
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Tech stocks continue to pull back, dragging market lowerBig technology stocks open sharply lower on Wall Street, continuing a pullback that started last week. The deflation in high-flying tech stocks comes after an eye-popping rally this year for the sector that many market watchers said was overblown. Help save 2americans father and son age 12. We can supply you all the evidence. Some of its already on my twitter. Save them or they will end up dead like kashoggi. Falsely convicted. Help us now. American hating prosecutor to blame. Help help Down with Wall Street. They are criminals anyhow Meanwhile in Chicago .......again
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Asia stocks set to trade higher; Japan's revised second-quarter GDP data expectedJapan's revised GDP figures for the second quarter are set to be out at around 7:50 a.m. HK/SIN. Preliminary estimates released in mid-August had shown the country's GDP shrinking 27.8% on an annualized basis in April-June.
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