S&P 500 erases its loss for the year as stocks rally on reopening optimism

"Well I've been humbled many times in my career, and I'm sure I'll be many times in the future. And the last three weeks certainly fits that category," added the legendary hedge fund manager, who admitted he missed the comeback because he underestimated the Federal Reserve.

Wall Street was also riding high on the back of a surprise surge in U.S. employment. The Labor Department said Friday. Economists polled by Dow Jones had forecast a drop of more than 8 million. "The stock market is almost looking past Covid and looking forward to the reopening," said Ryan Detrick, senior market strategist at LPL Financial. "The concerns of another Covid outbreak are real, but the stock market is clearly saying it is much more in tune with the opening of the economy."

Since March 23, the S&P 500 has rallied more than 47% while the Dow has gained over 50%. Those gains come in large part from expectations of a swift economic recovery.

kentwilliam94 President Trump 🇺🇸

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And we’re back! Boom!

Uh oh. You’re going to upset your NBCNews followers. 😂

BLM 92 shot, 27 dead— the most violent weekend so far this year in Chicago

So Antifa riots didn’t work then?....

Thank you Donald Trump! OPENUPAMERICANOW

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Watching the stock market juxtaposed with the employment numbers and earnings/projected earnings has officially made me think our economy is broken and that the stock market is just a graph of rich people's feelings for the day.

Its been amazing! Investors were told that the recovery will be quick & strong. Considering this pandemic led to shutdowns in almost every big city, its been an incredible rebound. And its just starting. People will get back to work as more businesses re-open

REMEBER THIS , FED WILL BUY ALL , NO IMPORT BADA DATA , FED BUY ALL

The Overdose situation is being happened for the Financials of USA and also for entire world. EMs are gonna feel worse these awful actions' results. We gonna see how GDPs shrinks, profits fall and unemployment numbers bounce due to Covid-19 issue WallStreet

👍🏻👍🏻

Craziest market ever

🤯

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Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Stock market live updates: Futures jump, airline stocks up, S&P down 1% this yearA conversation on the latest market-moving news. The mere fact that any markets are up amidst such social unrest, economic hardship & worldwide pandemic tells us that the markets literally have nothing to do with 99% of us. There are NO successful black nations in the world. Any country that has majority black rulers also has the worlds highest rates of poverty, violence and poorest of quality of living standards. It is truly sickening hearing losers advocating DEBT spending for a failed cause. Another huge week. Not to late to jump in. Still another 20-30% gain ahead with almost zero downside risk. Put everything you have and can borrow into the market now and clean up. Easiest chance to make money in my lifetime.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Asian stocks hug three-month highs after surprise U.S. jobs recovery, oil ticks upAsia shares advanced on Monday after a surprise recovery in U.S. employment lifted hopes of a quicker global economic revival after many weeks of lockdowns aimed at controlling the coronavirus pandemic. USA! USA! USA! Bull run will continue for sometime as Asian stocks are still cheap and attractive😎 God bless Trump
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »

European stocks open lower after strong rally last weekEuropean stocks slipped at the open on Monday, reversing after a huge rally last week. The German DAX undefined fell 1.1% and the U.K. FTSE 100 undefined...
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

Japan stocks set to rise as U.S. jobs data bounces unexpectedlyStocks in Japan were set to trade higher at the open on Monday after U.S. jobs data released Friday hadan unexpected jump, spurring hopes of an economic recovery from the coronavirus pandemic. REPORT THE TRUTH ABOUT THE JOBS NUMBERS! Us jobs data was false You just keep pumping up those faked numbers. Almost seems like market manipulation, just like Trump.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Cyclical stocks — whose fortunes are tied to the recovery — could keep leading the wayNew for subscribers: Cyclical stocks — whose fortunes are tied to the recovery — could keep leading the way Check out CNBCPro for a free trial. Pro And then, from nowhere, the second wave hits. The end.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »