Stocks finished two weeks of somersaults Friday, heading into the weekend on an up note as investors displayed ambivalence over the reopening of the U.S. economy after weeks ofThe Dow Jones industrial average closed Friday at 23,685.42, up 60 points or a 0.3 percent. The blue chips finished the week 2.6 percent lower than it started. The Standard & Poor’s 500 index settled at 2,863.70, up nearly 0.4 percent on the day. The broad market finished down 2.2 percent for the week.
Despite market jitters, the Dow and S&P 500 are up roughly 28 percent from their late March lows and the Nasdaq has advanced 31 percent. All three indexes are well off their all-time highs. Oil prices continue to recover as more drivers take to the road and producers trim output. West Texas Intermediate, the U.S. benchmark, climbed nearly 8 percent Friday to $29.67 per barrel. That’s nearly three times the price that WTI was selling for three weeks ago. Brent crude, the international benchmark, was up more than 5 percent at $32.74 per barrel.The week was full of the ups and downs as the nation feels its way through the pandemic. Dr. Anthony S.
Wall Street investment chatter during the week further shows the divergence of opinion on the economy and the prospects for defeating the coronavirus. Billionaire investors Stanley Druckenmiller of the Duquesne Family Office and David Tepper of Appaloosa Management in separate interviews expressed doubts about the near-term economy and investment opportunities.
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Stock market live updates: Rally off the lows, Dow gains 300, bank stocks lead comeback“There is so much doom and gloom, and this thing is not going to last forever.” Here’s what 4 experts have to say about the coronavirus pandemic and the state of the stock market today. “Doom and gloom”? You may think that’s because of 30+ million unemployed? Or small businesses going away forever? We have the most death, most unemployment, and worst economy in the world ,yet Wall Street scam is green after being down big earlier. When does the manipulation stop? Inflating the bubble market is not helping us. Every other market in world was red. Fed reserve investigated plz The FED will help stonks and the rich. The peasants don’t matter...
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Stocks Fall, Dow Loses 200 Points After Retail Sales Plunge Record 16.4%The stock market opened lower today, taking a hit from more bad economic data and rising trade tensions between the U.S. and China by skleb1234 skleb1234 Don't worry, Israel will be just peachy skleb1234 Plenty more turbulence to come. skleb1234 I doubt anyone is surprised by the trade tension.
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Dow on pace for its biggest intraday comeback in 2 months as financials and health-care stocks burst higherThe Dow Jones Industrial Average late-day Thursday was trading higher, putting the index on track for its biggest comeback in about 8 weeks amid the COVID-19...
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Stocks end choppy session slightly higher but suffer biggest weekly fall since MarchStocks ended a choppy trading session with small gains Friday, but suffered their biggest weekly loss since March as investors assessed prospects for an economic recovery and rising U.S.-China trade tensions.
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Stocks Turn Positive, Despite Record Drop In Retail Sales And Increasing Tensions With ChinaStocks turned positive today, despite a record drop in retail sales and increasing tensions with China by skleb1234
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Despite valuation concerns, stocks haven't been this cheap since the 1950s by one metricRelative to bonds, stocks are now the cheapest since the 1950s with the S&P 500 dividend yield nearly three times that of the 10-year Treasury yield, Bank of America said. Pro Buy buy buy Pro Pro NorthmanTrader lol
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