U.S. stocks rose on Wednesday after President Donald Trump tweeted support for aid to airlines and other stimulus measures, stoking hope that a smaller aid package could be passed by lawmakers.
"That said, with President Trump's call for aid to airlines, an obviously hard-hit area of the market, traders may be eyeing bullish opportunities in cyclical stocks dependent on a quicker economic recovery—if they can stomach the rollercoaster," Larkin added. Bridgewater Associates' Ray Dalio told CNBC's "Street Signs Asia" on Wednesday morning Singapore time that the U.S. president's move is "certainly not a good thing" and will be a "significant negative" on the economy.
Stocks rally in spite of his notice that WH is done negotiations were to help America out. Market anticipates a Biden win, as he shoots himself in the foot. Again 🎉
Party!
Those in need want targeted stimulus. The FED Chair wants Targeted Stimulus Trump wants targeted Stimulus. SpeakerPelosi wants non targeted state bailouts. It is about time her highness stopped playing politics. tt:larry_kudlow TreasurySpox MadMoneyOnCNBC
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Stocks drop, Dow down over 300 points as Trump halts stimulus talksThe Dow Jones Industrial Average gave up a gain of more than 100 points to trade more than 300 points lower on the day after President Donald Trump tweeted... so is Trump just helping the stocks market or not? I am kind of confused here... Trump was in poor health, high risk by age, had severe symtoms including fever, avoided respirator, took all 3 major drugs for covid (cocktail), and was out in 48 hours. What the heck is rest of country doing? Easy. They know that if people don’t have money, they can’t help boost the economy.
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Stocks suddenly drop after Trump calls off stimulus talks, Dow down 200 pointsStocks were lower after President Donald Trump instructed White House officials to halt negotiations on further coronavirus stimulus. Duh! The guy that touted his negotiating skills in 2016 couldn’t work a deal with the Dems now or even try with BLM over the last few months. Hey MAGA has it sunk in yet that you’ve been duped? The rest of us figured it out years ago. Shooting yourself in the foot to own the libs. A relief package could've been a big win for everyone, instead this likely sealed it for the Dems. Biden2020
Source: CNBC - 🏆 12. / 72 Read more »
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Dow climbs 325 points as Trump backtracks, says he's open to piecemeal stimulus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Smh🙄 ✅ Never has a plan ✅ Never prepared ✅ Never understands consequences ✅ Never gives 2 effs about anyone else ✅ Never NOT a $hitshow absotutechaoticdisaster AnyoneButTrump2020 BrokeAssPresident DumbAssPresident LiarInChief trump art of the market manipulation
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