U.S. stocks surged Wednesday, rebounding after a three-session selloff in big technology stocks that pushed theThe stocks that drove the downturn—Apple, Microsoft and Amazon.com, among others—led the bounceback as well, all climbing at least 3.7%. Those shares began retreating last week after soaring this year, benefiting from the stay-at-home orders implemented to slow the coronavirus pandemic.
Their gains pulled the Nasdaq up 293.87 points, or 2.7%, to 11141.56, recovering some of the losses it suffered during its steepest three-day drop since March. The Dow Jones Industrial Average rose 439.58 points, or 1.6%, to 27940.47, and the S&P 500 gained 67.12 points, or 2%, to 3398.96. Both indexes are still lower for September.
The Nasdaq has logged 43 record closes this year, the most recent just a week ago. Its fall from a record into correction territory—a decline of at least 10% from a recent high—was the fastest in history.
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The wealthy are doing fine but societies aren't. Greed will be the destruction of the markets and of society. Of course, that won't happen overnight and the wealthy are more insulated from harm so why worry? Grab it all now, right?
All aboard the Trump train. He is making america great and it shows it. maga
Why do the article and the tweet seem oxymoronic?
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