"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: 0) by Anonymous Coward on Thursday December 27 2018, @04:35PM (2 children)
Fake news bro, you gotta stop with it:
https://www.quora.com/Is-Amazon-profitable [quora.com]
https://seekingalpha.com/article/4212185-netflix-great-growth-cash-flow-questions-linger [seekingalpha.com]
(Score: 5, Informative) by DeathMonkey on Thursday December 27 2018, @04:46PM (1 child)
That's one hell of a rebuttal!
Is Amazon Profitable:
So, uh, yeah.....they've only been profitable for the last 17 years. What losers!
(Score: 0) by Anonymous Coward on Thursday December 27 2018, @04:53PM
Amazon itself is not going to be the "losers". They have played this perfectly, but looks like the fed has decided their fun is over.