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Here's what happened to the stock market on Thursday

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The Dow rallied for a third straight day — despite a sharp jobless claims increase — as investors cheered the Senate passing a massive stimulus bill.

The Labor Department said Thursday that U.S. unemployment claims soared to a record of 3.28 million in last week. That number blew past the financial crisis peak of 695,000. However, investors shrugged it off as some estimates were even worse than the actual print.

Citi, for example, had forecast 4 million claims were filed. Meanwhile, the Senate unanimously passed a $2 trillion stimulus bill to support the economy amid the outbreak. House Speaker Nancy Pelosi later said the bill would pass the House with bipartisan support.

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Machines following momentum sending the market to prices completely and utterly detached from any kind of fundamental basis.

just did 4 coronavirus updates and didn’t mention USA cases each time. Just the worldwide total and Italy’s cases. Did they forget about USA?

Who cares? Where are the tests? Where are the masks? Where are the ventilators?

There is no economy but gambling.

It went up because of corporate bailouts and devalued currency being given to everyone, if SpeakerPelosi signs the stimulus bill that’ll do more damage then good.

Sweet sweet socialism.

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Källa: CNBC - 🏆 12. / 72 Läs mer »

Here's what happened to the stock market on WednesdayThe S&P 500 strung its first consecutive gains since mid-February. Oh that Crazy Bernie. The swamp at it's finest!!! What happens first- They pass the stimulus package and checks are in the mail or OJ finds the killer? The FED inflated the market so the rich can sell while retirement accounts have penalties. Those evil Republicans and Bernie
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Treat with caution: rocketing stocks aren't cause for comfortThose pining for a bottom to the gut-wrenching stock market selloff may be disap... Bu bu bu bu but line go up ...just a relief spasm......no bottom yet, the economic caranage has yet to be seen, measured, published, reforecasted...... Stock market is a mine field right now
Källa: Reuters - 🏆 2. / 97 Läs mer »