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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."
(Score: 5, Insightful) by DeathMonkey on Thursday December 27 2018, @04:17PM (2 children)
Really? We're posting blatant propaganda now? No mention mention of the massive crash that happened the literal day before?
Clearly I'm no fan of Trump but you don't see me submitting cherry-picked bullshit to the front page.
(Score: 0) by Anonymous Coward on Thursday December 27 2018, @04:44PM
Well, we could not have had an aristarchus submission, so here we are. Stuck in Lodi again.
(Score: 2, Disagree) by Anonymous Coward on Thursday December 27 2018, @07:45PM
This site is a farce, I've now heard multiple complaints about Janrinok, the resident admin is a self-professed troll who abuses his access, and now a trolling sub from RDT is on the site?
I liked the original idealism of SoylentNews but it has become a playground for trolls and authoritarians who want to hide their predilections.
There are ways the site could be improved but it seems clear there is very little desire to do so. Amazing that a site founded on anger about the shitty decisions of a centralized corporation is heading down the same authoritarian route.
PS: make the donation font a little bigger, I still have trouble reading the numbers.