In this image provided by Jonathan Corpina, Jonathan Corpina, Senior Managing Partner at Meridian Equity Partners Inc., who normally works on the New York Stock Exchange trading floor, works in his home office in Armonk, NY., Wednesday, March 25, 2020. Stocks are wobbling in tentative trading Wednesday as a historic, worldwide rally downshifts dramatically after just a day.
Many on Wall Street say they don’t think stocks have hit bottom yet, but optimism rose after the White House and Senate leaders announced an agreement on the aid bill early Wednesday. A vote had been expected in the Senate by the end of the day, but then some lawmakers balked at the proposed bill. “They’re hitting on all the right elements of what the U.S. economy needs during the shutdown to bridge itself to the other side to open up economic activity,” said Darrell Cronk, chief investment officer of Wells Fargo Wealth and Investment Management.
Investors are also still waiting to see the details of Washington’s plan, which will include direct payments to most Americans and aid for hard-hit industries. It’s unclear when the House of Representatives could vote on the plan. The number of known infections has leaped past 450,000 people worldwide, and more than 20,000 have died, according to Johns Hopkins University. Overall, more than 112,000 have recovered.
That uncertainty has led to wild swings in the stock market over the last month. The S&P 500 surged 9.4% Tuesday as expectations built that Washington was nearing a stimulus deal. That was a better performance than the index has turned in for 10 of the last 20 full years.
Who bought low... and watch who sells Right before it goes back down.
Business Maybe the Market was listening to Experts not windbags LOL
Corporate Socialism,,,,
Anyone following the daily market when it's in illogical emotional upheaval is a fool.
The corporate shills are buying back their stock and people are suppose to die for it! Just wait...Depression is right down the street....
It will be interesting to see what happens when we have more reported cases than Italy and China.
Sure. They got theirs. And FU to everyone else.
Artificial hype and short sellers covering Watch the bloodbath for the rest of the week.
. There is no uncertainty in the market Plow money in The market goes up After exhausting the profit the market retreats This cycle is on going The market hasn’t been sustainable since it no longer relies on supply & demand The market is controlled by Hedge funds
...and why not? Free stuff
Yeah, dangling a massive corporate bailout in front of greedy corporate executives that already receive massive tax cuts tends to do that. The American people are getting screwed by the same companies they buy goods and services from.
Expect a tweet from Trump and minute now! TrumpVirus DieForTheDow
Totally out of context. As the jobless claims roll in, the market will tank again.
IT. MEANS. NOTHING.
Weird, it's almost as of Wall Street as no connection whatsoever to reality and is just completely fucking random gambling. How strange.
Please buy the dip so I can take your money when the market shits down its leg over the next few weeks. First quarter earnings are going to be a real shock for folks.
yeah because a bunch of billionaires (the ones who own most of the value on the stock markets) just got humongous government bailouts. I'm sure glad Boeing stocks just rallied 25% but how does that help me or my neighbors?
Capitalism will be the downfall of us all !
Donald says let 3 million die to save the stock market and the stock market is like
Bet that was painful for you to report, eh?