Dow finishes above 26,000 as stocks rally on recovery hopes

The Dow Jones Industrial Average DJIA, +0.59% advanced 152 points, or 0.6%, to end around 26,023, based on preliminary numbers. The Nasdaq Composite COMP, +1.10% gained 110 points, or 1.1%, to finish near 10,056. The S&P 500 SPX, +0.65% rose 20 points, or 0.7%, to 3,118.

The day's gains were led by technology shares, propelling the Nasdaq above the 10,000 level. Even as 24 states showed an increasing trend in cases this past week, investors aren't expecting new lockdown measures to be put in place, allowing the U.S. recovery to truck on. In company news, shares of American Airlines Group Inc. AAL, -6.75% fell 6.7% after the air carrier announced Sunday that it would raise $3.5 billion in new financing.

Is this retracement in play?

That’s weak bitcoin up way more today

“Investors” didn’t do anything. It’s JPOW.

pushing up stock market USA no volume (like in a vegetable store) to again at better prices = keep feeding the ducks

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Dow futures climb as investors weigh hope for V-shaped recovery against rise in coronavirus casesU.S. stock-market indexes climb, but imply a lackluster open, on Monday as investors weigh optimism over a quick recovery for the domestic economy, or V-shaped rebound, and evidence of an acceleration of COVID-19 infections in states and elsewhere in the world. Yeah? How are they factoring in ecological demise and potential collapse? Looks like Disneyland as there's zero mention of the reality looming. Dow climbs as the rich hope there are enough waves of poor to die serving them during a growing pandemic... winning EatTheRich GeneralStrike
Source: MarketWatch - 🏆 3. / 97 Read more »