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posted by martyb on Thursday December 27 2018, @09:44AM   Printer-friendly
from the how-are-they-doing-over-the-entire-year? dept.

"The Dow rose more than 1,080 points, or nearly five percent, marking the first time in history the exchange rose more than 1,000 points in a single day of trading. The S&P 500 climbed more than 100 points, or about five percent, while the tech-heavy Nasdaq Composite rose more than 360 points, or nearly six percent.

All three major exchanges posted their largest single-day point increase on record." foxbusiness.com/markets/stock-futures-trade-cautiously-on-political-concerns

Our Country is doing very well. Because we are finally putting America First.

A report at Bloomberg offers a less rosy perspective:

Just one of the S&P 500 members fell on Wednesday, when the Dow Jones Industrial Average jumped more than 1,050 points for its biggest-ever point gain. Consumer shares paced the rally, with Amazon.com Inc. jumping 9.5 percent on record holiday sales. Each member of the FAANG[*] cohort rallied at least 6.4 percent. Nike and Apple rose more than 7 percent.

Yet it's still a horrible month for U.S. stocks, with the S&P 500 down almost 11 percent. Japan's Topix is even worse, with a 14 percent slide. Emerging markets have done better, thanks to expectations of less aggressive tightening by the Fed. The Shanghai Composite is off less than 4 percent, for example. And China's yuan, along with most major Asian currencies, is up against the dollar this month.

[*] FAANG: "FAANG is an acronym for the market's five most popular and best-performing tech stocks, namely Facebook, Apple, Amazon, Netflix and Alphabet's Google."


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  • (Score: 0) by Anonymous Coward on Thursday December 27 2018, @02:13PM

    by Anonymous Coward on Thursday December 27 2018, @02:13PM (#778995)

    maybe even skynet realized that global robot domination WITH humans is more profitable then without:
    on the "flying lead front", j.connor will always lose against coltain armor and then there's always those people with the "right" gens that will
    sell out their fellow human being for a quick buck. so not much risk there.

    the fact that humans multiply automatically if housed, clothed, fed and busied enough has probably convinced the A.I. that
    having humans around can be managed and is more profitable overall. : ]