Stocks tied to the reopening of states outperformed once again. Citigroup, Wells Fargo and Bank of America all rose at least 0.9%. Gap climbed 7.7%. Southwest gained 2.6%.
Big Tech lagged the broader market for most of the day, but the eked out slight gains in the final minutes of trading. Facebook, Netflix and Apple all closed at least 0.3% higher while Alphabet gained 0.5%. Amazon advanced 0.1%. "I am mobilizing all federal and local resources, civilian and military, to protect the rights of law-abiding Americans," Trump said. "If a city or state refuses to take the actions necessary to defend the life and property of their residents, then I will deploy the United States military and quickly solve the problem for them."
"Good news on vaccines helped stocks in May, but US-China relations & civil unrest could steal the spotlight in June," Lori Calvasina, RBC's chief U.S. equity strategist, said in a note. "The S&P 500 remains highly news flow driven."
Lots of people on this thread sold at the bottom.
Stonks getting pumped by counterfeit currency directly from the fed. Biggest con job ever.
$ItRM Get in meow 🤑🤑🤑
40,000,000 unemployed; 107,000 dead from virus; rioting in the streets......Market climbing? Pyramid scheme for the wealthy
Well yeah that’s because it’s the companies getting any money right now, not us. As usual, the Ponzi scheme continues. Wall Street is not Main Street. We are hurting...
“Focusing on the economy to reopen” (Assuming that there will be shops left after the civil war?)... that it’s the most retarded headline that I ever read. Just say stock rally cause the market is on steroids. That way you will earn more respect.
Jeremy Siegel needs to retire has no clue. Yes you can’t fight the fed but a country closed down for this long there are big consequences coming people are broke Government can’t support them forever good luck.
There will be people responding to this tweet who are actively upset that stock market is improving. They are upset that the roughly 50% of Americans who own stock are seeing their portfolios improve. Upset that retirement accounts are clawing back.
Protestors should be focusing their anger at Wall Street....
Ppl really choosing the stock market over lives. We needa support more small business and boycott companies that profit from our susceptibility to manipulative marketing strategies...and that are profiting from minorities. fucktheDow period. Share this.
“Economy reopening”
what a meme
Unbelievable!
What a joke of a “market”. Riots, 40M unemployed and the same headline for the past month, “stocks up on reopening or vaccine hopes”.
Fake market
40 is the magic number! 40% from March Lows, 40M unemployed, -40% GDP, and 40 cities with RIOTS and under lockdown. The only odd thing is one thing does not fit.
correction...the ponzi jumped on nothing but 'air'
Main St is failing the market these banks know they can get bail out money whenever they need it FUCK THE SYSTEM!!!!!
hahaha what a joke