FILE - In this Aug. 31, 2020 file photo, buildings line Wall Street, in New York. Stocks are opening higher on Wall Street Thursday, Sept. 10 as the market claws back some more of the ground it lost in a three-day slump that snapped a day earlier.
The S&P 500 was up 0.7% after the first 30 minutes of trading. It follows up on a wild stretch where the index went from its worst three-day slump since June directly into its best day in nearly three months. But the tally was still higher than economists expected, and it’s an indication that layoffs remain stuck at a dispiritingly high level. Economists called the report disappointing.remains very weak at the wholesale level, though it was stronger last month than economists had forecast. The Federal Reserve has said that it’s willing to allow inflation to run higher than its target level before raising interest rates, if inflation had been too low before that.
The market’s focus continues to be on big technology stocks, in large part because they’ve grown so big that their movements can move broad market indexes almost by themselves. Apple, Microsoft, Amazon, Facebook and Google’s parent company alone account for 23% of the S&P 500, for example.
The stock market is, for the most part, manipulated by speculators & 'instantaneous computer buy/sell programs' that react to minuscule indicators too fast to track. Major events can drive market up or down to a point, but then those manipulations move in to take advantage.
How about investigating insider trading related to Corona info. being available to select few. I.e.
Who cares? Economy still stinks for working Americans.
Now do the national debt
Stock market is not the economy. In fact, the two are not even related. Stock market is just a gauge of how the top 7 retail specific companies in the world are doing over the past 3 days.
You should be demanding Trump’s resignation!!!!