Stocks open higher on Wall Street a day after tech sell-off

A woman wearing a face mask to help curb the spread of the coronavirus walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Sept. 4, 2020. Asian markets skidded Friday after Wall Street had its worst day since June, as investors’ exuberance faltered after a spate of record highs.

There was little going on in Asia to alter the markets’ downward trajectory after the U.S. benchmark S&P 500 gave up 3.5% on Thursday, its biggest loss in three months, and the Nasdaq fell 5% as high-flying technology companies took a tumble after months of spectacular gains. “While I don’t think its a healthy meltdown, getting rid of some of the short term speculator froth will offer up better levels for the Wall of Money to indulge as we know the Fed is not going anywhere soon,” Stephen Innes of AxiCorp said in a commentary.

Investors have been betting those companies will keep making huge profits as people spend even more time online with their devices during the pandemic, making new market darlings of companies like Zoom Video Communications as many Americans work remotely and students do online learning.

So I guess Munchin used last night to spend tax money to buy bonds in tech companies so the market could open higher than when it closed.

my children will grow up knowing their black skin is something to honor and be proud of

Bookmark our Impact and Recovery Hub to easily check unemployment claims, the S&P500, and several other indicators that assess the longer-term economic impact of the pandemic. Updated daily:

Wall street where the rich have a playground, gambling included.

You just can't report good news without throwing in a negative conclusion can you?

Uh, huh... never understood these types of articles, let it stabilize a bit before writing a headline... it’s in the tank again.

It’s tanking again

Thank you President Trump. Also, wage increased +4%

You never disappoint . Since you thought Barack Obama shits gold, Im not gonna allow you to lie anymore without reminding you of how much manipulate facts. Im gonna be your best friend in the second term...Besties

TRUMP 2020

President Trump is amazing the economy is coming back strong this would not happen under Biden that is senile and doesn't know where the hell he's at!!!

More than 10,000,000 jobs added to the U.S. economy over the past four months. The largest addition of jobs in that period in history.

Tech still down 😡😡😡 TrumpResignNow

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Wall Street plunges as economic data indicates slowing economic recovery, tech stocks falterHeavyweights such as Apple, Amazon, Facebook, and Microsoft all saw steep losses after high-flying stock valuations lost momentum. Make it go up smh so much for the bounced back economy lie......
Source: NBCNews - 🏆 10. / 86 Read more »

Wall Street plunges as economic data indicate slowing recovery; tech stocks falterHeavyweights such as Apple, Amazon, Facebook and Microsoft all suffered steep losses after high-flying stock valuations lost momentum. And so it begins... ETTD And you listened to Orangeman’s bulls..t about a V shaped recovery. Hahahahaha. Not going to happen until Biden gets elected and leads us out of this pandemic. Hey Kushyass, we’re still waiting for that miracle July recovery. Uh, it’s SEPTEMBER Kushyass. The Markets go up The Markets go down You do know that, right? It will not effect realDonaldTrump 2nd Term. Guarantee it.
Source: MSNBC - 🏆 469. / 51 Read more »

European markets seen slightly lower as Wall Street tumble roils global stocksEuropean stocks are set to open slightly lower Friday after a sudden retreat at the end of Thursday's session, as a sharp decline in Wall Street tech stocks spooks global markets. Cancel trumps free presidency. It’s a golf tour gone awry kuku27 Wall Street walls are now having trouble w/ weakening of foundations. it was long overdue. There could be bubble burst too
Source: CNBC - 🏆 12. / 72 Read more »

Asian stocks follow Wall Street lower, nervous wait for U.S. jobs dataAsia's stock markets had their worst session in two weeks on Friday following a tech-led plunge on Wall Street, though gains in safer assets like bonds and dollars were muted as investors awaited U.S. job data to see if it triggers a bigger selloff. Where is the President for this great news I know it's form, but its so annoying that 'up' is close to close, not open to close. Nikkei actually shot up (from its gap down) at the open.
Source: Reuters - 🏆 2. / 97 Read more »

Big Tech Pullback, Stocks Slump & Jobless Claims by Squawk on the StreetSquawkStreet carlquintanilla jimcramer davidfaber SquawkStreet carlquintanilla jimcramer davidfaber SquawkStreet carlquintanilla jimcramer davidfaber Thanks for the jimcramer fake out.
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What to watch today: Stocks slightly lower after Wall Street's strong start to SeptemberU.S. stock futures were marginally lower as investors await key jobless data. PLAIN & SIMPLE, WALL STREET HAS BEEN HELPED, MAIN STREET NEEDS HELP: A STRONG HEATHY STIMULUS PACKAGE WITH RESTORED AND RETROSPECTIVE ASSISTANCE & STATE ASSISTANCE! OTHERWISE ECONOMY WILL DESTROY IT ALL!
Source: CNBC - 🏆 12. / 72 Read more »