Amid the recent gains, U.S. tensions with China have cast a cloud on markets.
Tech-related shares are among the most sensitive to Chinese growth, said Sameer Samana, senior global market strategist at Wells Fargo Investment Institute in St. Louis. Also on Wednesday, the Federal Reserve’s Beige Book report showed that U.S. businesses continued to be hammered by the effects of the novel coronavirus epidemic into the middle of May.
The S&P 500 posted seven new 52-week highs and no new lows; the Nasdaq Composite recorded 41 new highs and 10 new lows.
Who cares about the stock market? I don’t believe that it’s a good indicator of the economy. For rich people yes, regular people not so much.
100,000 dead Americans.
These raging bulls😬
Easing of lockdowns got nothin' on easing of the quantitative kind... QE Onward and upward.
A good economy is bad news for Democrats.
It is either we ease the lockdown to be able to recover or literally risk it all and lose everything.
It is really the way drug companies are manipulating stock prices putting out promises on a vaccine
Just wait til they get a sniff of a war with China.
Looks like the treasury is frantically buying to make the markets look good for trump because over 100,000 Americans are dead from COVID19. GOPDeathCult
With 40 million newly unemployed, states in the red, these stock market numbers only prove that there is no correlation between our economy and Wall St.
Avoiding BK and the easing of lock down
so what! it does not help the average person, the people with little money, no jobs, who are hurting.
This is act one of a 4 act play....
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