Stocks are coming off their worst week since the 2008 financial crisis. The Dow last week dropped 12.4%, while the S&P 500 plunged 11.5%.The Dow also recorded its worst one-day point drop in history on Thursday.But the rebound was strong on Monday. After a sharply higher open and some flipping between gains and losses mid-morning, stocks moved solidly higher.The Dow was up 800 points, or 3.2%, while the S&P climbed 2.9% around midday.
The Federal Reserve next meets on March 18 and market expectations for a half-percentage point interest rate cut are at 100%, according to the CME's FedWatch Tool.That said, Fed officials have been speaking out against immediate rate cuts and Fed Chairman Jerome Powell said last week that"the fundamentals of the US economy remain strong.
Not surprised.
Time to make money.....
latest italy 335 extra cases, 11 extra deaths
こいつは、一体誰ですか？
What changed Nothing , stock market is manipulated by the wealthy
Big joke while airlines are cutting flights rapidly.. Consumption of fuel is getting hammered... Companies are closing down.. Workers are getting fired all over... This manipulated market will not be able to sustain for too long this time around!
The market is a flighty little child. Based on last week’s fall there’s absolutely no reason why it’s up today.
POTUS really does install confidence in the market unlike the 90 pound weakling BarackObama
If it fell last week, why would it rise now? Makes no sense. Too many gamblers in the stock market.
That's because of the Joe Biden win in SC. Americans are hopeful again.
Trump wants to cut rate. The federal interest rate is already 1.75 lol oh this is going to end badly
Trump ploughing billions into the stock market again, there is no reason for the stock market to be rising, the news hasn't changed from last week
guess we know why the CDC presser was canx
Though that guy shouldn't be touching his face
Be careful
The DNC is going to get massacred at the ballot box in November.
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NBC News @NBCNewsLIVE: Dow opens Monday morning trading after dropping more than 3,500 points last week amid global coronavirus concerns. BreakingNews Bunch of pansies out there fearing the ridiculous corona virus causing the market to have a massive sell off 🙄
Source: NBCNews - 🏆 10. / 86 Read more »