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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 edIII on Thursday December 27 2018, @08:55PM (4 children)
Not to mention the utter bullshit in the first place. It's easy to have huge gains when you wipe out 10 years of growth overnight. We're not going to discuss this intelligently, like a range of 1 year, but 24 hours of correction attributed to Fearless Leader of course.
Whole article and submission is complete fucking crap, as if those huge gains were on top of a stable market already doing well. The fact they're posting the largest gains ever, after some of the biggest losses ever, tells me there is weakness, confusion, and panic, not reasons to celebrate.
The trade wars are still just beginning, and we all know Orange Anus is going to dig his heels in just as the Democrats will, and the government shutdown is going to continue. Might even continue all the way up the point he is forced to leave office whining like a toddler who needs a nap.
Technically, lunchtime is at any moment. It's just a wave function.
(Score: 5, Funny) by Azuma Hazuki on Thursday December 27 2018, @09:23PM (3 children)
Begun, the Trade Wars have. Easy to win, they are not. Fucked, we are.
I am "that girl" your mother warned you about...
(Score: 0) by Anonymous Coward on Thursday December 27 2018, @10:26PM (2 children)
The trade war has been going on for a long time, the only the that changed is Trump brought it to your attention:
http://www.gata.org/files/USEmbassyBeijingCable-02-08-2010.txt [gata.org]
Get off that fake news...
(Score: 0) by Anonymous Coward on Thursday December 27 2018, @10:30PM (1 child)
Those are more disputes, the skirmishes leading up to the Big Aggression.
(Score: 0) by Anonymous Coward on Thursday December 27 2018, @10:59PM
It is the ongoing trade war that people have been talking about for decades. The only new thing is Trump is forcing the fake news to talk about it.