The Dow fell more than 2,000 points within minutes of opening Monday and President Trump promised"major" steps to boost the economy.
The Dow Jones Industrial Average spiked more than 700 points or 3% at the opening of Tuesday's trading session, a sign that investors are welcoming President Donald Trump's pledge to intervene as the economy gets battered by the coronavirus outbreak.MORE: What experts say you should do as stocks stay volatile amid coronavirus
The rally comes after financial markets suffered major losses Monday. Markets plunged enough to trigger a rare automatic halt to trading early Monday. By closing time, the Dow was down more than 2,000 points, or 7.8%. The S&P 500 fell 6.63% and the Nasdaq slipped 7.29%. After the market rout, Trump made a brief appearance at the White House’s coronavirus press conference, touting an upcoming economic relief plan.
The president said he would meet with Senate Majority Leader Mitch McConnell and other Republican leaders to discuss economic relief proposals, including a payroll tax cut and loans for small businesses, in order to combat financial hardships that could result from the coronavirus. Trump promised more details Tuesday after the meeting.
Oh no.....I’m so sad.
The president of the United States is being targeted by a foreign nation. (this was released by China for political reasons) We can count on the Democrat media to attack him as well. I am still voting for the greatest president that has ever held that office. You hate America!
Stocks gonna be going down for the next year unless they come out with a cure for the corona but I doubt they will.
I told my husband this would be a dead cat bounce this morning and he said did you make up that term?
NOOOO!
Right after trump's twitter rants!
Dumbshits still selling off their holdings. Sucks to be them. I'll stay the course and buy more thank you.
Where's Super DJT? He can fix it just like he fixed all of those bankrupt properties.
CHUCKYISNOT WORRIED!! SOCHUCKY SHOW US YOUR $$$$$$$$$$$$$$$$$$$$
W recovery or bust.
ooops Trump did it again
We won’t be free of this until this virus is eradicated. And even then it’s going to take a while to kick start the economy.
GOP GOPLeader LindseyGrahamSC VP Duck tape this presidents mouth - now!!!!!!
help
11 days below 200-day Dow is 18% below high. Dow is 11.4% below 200-day.
TheView I agree MeghanMcCain What a breech of security that our POTUS was exposed to possible coronavirus!! Unbelievable.
I knew it was gonna happen anyway, called Over-reaction Monday
So, he's basically manipulating the system and this is all MSM has to report.
We have the greatest President in our history! President Trump 2020!
ANOTHER FACE TOUCH-ER..............ALERT!!
If his plan is to lower taxes even more will that not hurt the US on another level(s)? How much more can we add to the national debt before it implodes on all of us not just the lower & middle class but also the rich & extremely rich?
TheView Again, bailouts for the wealthiest people through entitlements to corporations. What about the individuals and families who have been impacted? Seems like all those taxcuts the 1% got from Trump from 2016 to now would mitigate their losses.
What he means is he sees this as an opportunity to slash his taxes again. He never misses an opportunity to help himself. Never let a crisis go to waste seems to be his motto.
TheView But he's certainly lying...again.
Uh, no that’s not it
If it goes up it’s Obama’s, if it goes down it’s Trump’s...🤣🤣🤣
Yeah, he has the same plan as Rev. Jim Jones of the People's Temple.
Man o man .... is everybody really this naïef?
Dead cat bounce.
BS the rich are simply buying cheaper stock.
Addicts will always take another hit if you dangle it in front of them, but that doesn’t change the neighborhood they’re standing in.
TheView He has no plan. Total manipulation
THAT IS NOT WHAT IT MEANS. Trump hasn't had a coherent thought in 3 years. The fickle Dow has every thing to do with SellHighBuyLow and everything to do with the greed of capitalism. Trump? Not so much.
Accepting his bribe you mean. He only cares about the rich.
Trump is margarine we want butter
It’s not a sign of anything. Other than markets go up and markets go down.
Fake market goosing by potus re: pay tax red is not a solution to issues & uncertainty in market. It’s simply a distraction to change an accurate narrative about his total mishandling of the pandemic crisis. Reporting it’s temp effect as anything different is a disservice
If
TheView Imbeciles
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