HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Wall Street ends broadly ...

Tue Jun 21, 2022, 08:13 PM

Wall Street ends broadly higher after sharp losses last week

Source: Associated Press

NEW YORK (AP) — Stocks finished broadly higher on Wall Street Tuesday, clawing back some of the ground they lost in their worst weekly drop since the beginning of the pandemic.

The rally to start the holiday-shortened week came as investors look ahead to what Federal Reserve Chair Jerome Powell will tell Congress on Wednesday, the first of two days of testimony as part of the central bank’s semi-annual monetary policy report. Last week, the Fed hiked its key short-term interest rate by the most since 1994, the central bank’s latest effort to tame the worst inflation in 40 years.

The S&P 500 rose 2.4%, recouping about 40% of its losses last week. More than 85% of the stocks in the benchmark index gained ground. The Dow Jones Industrial Average rose 2.1% and the Nasdaq climbed 2.5%.

“This is a little more of an oversold bounce that the market is looking at and trying to figure out what is the path the Federal Reserve is actually going to navigate,” said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management.

Read more: https://apnews.com/article/stock-market-today-june-21-ad1d30401e718bdffc3a1c41020fc6ce

5 replies, 835 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 5 replies Author Time Post
Reply Wall Street ends broadly higher after sharp losses last week (Original post)
SouthBayDem Tuesday OP
SouthernDem4ever Tuesday #1
Lovie777 Tuesday #2
cloudboy07 Tuesday #3
progree Tuesday #4
Crazyleftie Wednesday #5

Response to SouthBayDem (Original post)

Tue Jun 21, 2022, 08:20 PM

1. Doesn't the market always claw it's way back?

Is it ever based on facts?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to SouthBayDem (Original post)

Tue Jun 21, 2022, 08:30 PM

2. Maybe they see shithole going down . . .

while another takes its place.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to SouthBayDem (Original post)

Tue Jun 21, 2022, 09:08 PM

3. TDFG is going to wear a orange jump suit !

It will match that dumb comb-over ! the count down start's !

Reply to this post

Back to top Alert abuse Link here Permalink


Response to SouthBayDem (Original post)

Tue Jun 21, 2022, 10:42 PM

4. S&P 500 still at bear market levels, 21.5% below its January 3 all-time high

As for the U.S. total stock market, as measured by VSTAX, the Vanguard (U.S.) Total Stock Market fund

Since the end of January 2021 (1 1/2 years ago approx), it is down 1.45% in nominal dollars.

The purchasing power of the nominal dollar is down 10% since then, as measured by the CPI.

So the purchasing power of a VTSAX portfolio is down 11.3%, meaning if its purchasing power was $10,000 back then, it is $8,870 now.

CPI: https://data.bls.gov/timeseries/CUSR0000SA0

VTSAX history: https://finance.yahoo.com/quote/VTSAX/history?p=VTSAX
(use the Adjusted Close column to get the total return including reinvested distributions)

I chose the end of January 2021 as the starting point because that's about where the bend of the inflation curve is.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to SouthBayDem (Original post)

Wed Jun 22, 2022, 08:07 AM

5. Watching the markets go up and down like this

makes me believe they are being manipulated...

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread