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turbinetree

(24,695 posts)
Wed Apr 8, 2020, 11:10 AM Apr 2020

Dow up more than 250-points a day after the most dramatic U-turn for stocks in 12 years

Published: April 8, 2020 at 9:53 a.m. ET
By Mark DeCambre and Sunny Oh

The Dow and S&P 500 staged their biggest reversals since the 2008 financial crisis

U.S. stocks saw tentative gains on Wednesday morning, a day after the Dow and S&P 500 staged their biggest reversals since the 2008 financial crisis, as investors struggle to gauge the economic outlook during the COVID-19 pandemic.

Investors may gather clues from Wednesday’s release of minutes from the Federal Reserve’s meeting in March.

How are indexes performing?

The Dow Jones Industrial Average DJIA, 1.29% rose 261 points, or 1.2%, to 22,915. The S&P 500 index SPX, 1.28% added 29 points, or 1.1%, to 2,688, and the Nasdaq Composite Index COMP, 1.23% climbed 97 points, or 1.2%, closing at 7,984.

On Tuesday, the blue-chip Dow DJIA, 1.29% lost 26.13 points, or 0.1%, to finish at 22,653.86, the S&P 500 index SPX, 1.28% shed 4.27 points, or 0.2%, to end at 2,659.41, and the Nasdaq Composite Index COMP, 1.23% fell 25.98 points, or 0.3%, closing at 7,887.26.

At session highs early Tuesday, the Dow had gained 937.25 points, or 4.1%, the S&P 500 rose 93.21 points, or 3.5%, and the Nasdaq gained 233.20 points, or 2.9%.

https://www.marketwatch.com/story/dow-futures-aim-for-a-subdued-open-a-day-after-the-most-dramatic-u-turn-for-stocks-in-12-years-2020-04-08

Dear wall street, he is not a doctor, he has no plans, and he is a wanna be authoritarian that is trying to gut the IG's office, because he can't stand someone having oversight with taxpayer money and telling us the truth, and him and his crowd is packing the courts to take this republic down, and you people think he is what exactly what besides a CON ...............

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Dow up more than 250-points a day after the most dramatic U-turn for stocks in 12 years (Original Post) turbinetree Apr 2020 OP
Yeah...up 937 at the bell on Tue and dropped like a rock the rest of the day Bengus81 Apr 2020 #1

Bengus81

(6,931 posts)
1. Yeah...up 937 at the bell on Tue and dropped like a rock the rest of the day
Wed Apr 8, 2020, 11:26 AM
Apr 2020

I think it finally finished up about 100 so it actually lost 800 points yesterday. Wait until the unemployment numbers come out in the first week or so of May. None of the first wave of 3M+ unemployment claims happened before the numbers were figured from March. They will be next time.

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