Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

oberliner

(58,724 posts)
Thu Apr 5, 2018, 11:33 AM Apr 2018

Dow rises more than 300 points as rebound rally continues

Source: CNBC

U.S. stocks traded higher on Thursday as tech shares rose following a roller coaster ride in the previous trading day.

The Dow Jones industrial average rose 341 points, with Boeing and DowDuPont as the best-performing stocks. The S&P 500 gained nearly 1 percent, with energy leading eight sectors higher. The Nasdaq composite advanced 0.9 percent.

Tech helped lead the move higher, with Facebook jumping 2.6 percent and Netflix, Amazon and Alphabet all rising more than 1 percent.

Facebook rose after CEO Mark Zuckerberg said told reporters he has not seen a noticeable change in user behavior in the wake of the Cambridge Analytica data scandal.

Read more: https://www.cnbc.com/2018/04/05/us-stock-futures-dow-data-tech-and-politics-on-the-agenda.html

24 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Dow rises more than 300 points as rebound rally continues (Original Post) oberliner Apr 2018 OP
Proving once again... Hugin Apr 2018 #1
There's a lot more going on with the markets than meets the eye oberliner Apr 2018 #2
They have every analyst and their brother out there saying that the trade tarriffs are far from a still_one Apr 2018 #9
Who is arguing for easy explanations? LanternWaste Apr 2018 #15
links Mosby Apr 2018 #21
So Wall Street figured it out.... TranssexualKaren Apr 2018 #3
Back to where it was at the first of the year Major Nikon Apr 2018 #4
Trump is just having fun. Today he said he was bluffing all along and markets go up Freethinker65 Apr 2018 #5
Except that there is a point to it.... TranssexualKaren Apr 2018 #8
Democracy means nothing to Trump. He wants to be worshipped and enjoys feeling powerful. Freethinker65 Apr 2018 #14
My investment adviser is J. P. Morgan. When asked what the stock market would do, he said, mahatmakanejeeves Apr 2018 #6
"It will fluctuate," is one of my favorite investing quotes. n/t Yonnie3 Apr 2018 #7
Love it oberliner Apr 2018 #10
Know what I did when the markets tanked this week? brooklynite Apr 2018 #11
A Wise Decision ProfessorGAC Apr 2018 #13
I will say what I've said since the days when I helped host the Daily Stock Watch Thread Maeve Apr 2018 #12
BULLETIN UPDATE 4/6/2018 Kingofalldems Apr 2018 #16
Depressing oberliner Apr 2018 #17
And then the bottom falls out....again.. Maxheader Apr 2018 #18
A worrying trend oberliner Apr 2018 #19
I just read that over time the Dow could lose 40%. leftyladyfrommo Apr 2018 #20
Source? Quemado Apr 2018 #22
It was from Market Watch. yesterday. The Tell. leftyladyfrommo Apr 2018 #23
These financial planners often use a yesteryear model for today's financial world nolabels Apr 2018 #24

Hugin

(33,189 posts)
1. Proving once again...
Thu Apr 5, 2018, 11:41 AM
Apr 2018

There's a fool born every minute.

The effects of the trade war and Facebook scandal have yet to be felt. Already the 'Whew, we missed that bullet" is ringing out in the business pulp media.

 

oberliner

(58,724 posts)
2. There's a lot more going on with the markets than meets the eye
Thu Apr 5, 2018, 11:43 AM
Apr 2018

People like to look for easy explanations for the ups and downs - but they are usually not right.

still_one

(92,372 posts)
9. They have every analyst and their brother out there saying that the trade tarriffs are far from a
Thu Apr 5, 2018, 12:45 PM
Apr 2018

done deal, and may never happen.

I suspect what Kudlow and the other groupies are doing now is trying to figure out a way to muzzle trump


 

LanternWaste

(37,748 posts)
15. Who is arguing for easy explanations?
Thu Apr 5, 2018, 03:48 PM
Apr 2018

Who is arguing for easy explanations? Who is arguing the market is simplistic?

No one's brought that up, or even implied it, other than yourself.

Freethinker65

(10,037 posts)
5. Trump is just having fun. Today he said he was bluffing all along and markets go up
Thu Apr 5, 2018, 12:01 PM
Apr 2018

In a few days, or hours, he will say he was kidding about bluffing and was deadly serious about tariffs...and the market will go down....Then he will say he was bluffing again as the omnipotent negotiator he is and the markets will calm down....then he will attack some corporation and threaten to rescind their government contracts and cause their stock to plummet. Then that corporation will come around to bribing/flattering Trump and Trump will say it was all a joke and that they are a fine upstanding corporation.

Manipulating the world's economy like a toddler manipulates his parents. Eventually the parents unusually give the toddler a time out, learn to ignore the tantrums, or reluctantly try stronger discipline. Who will step up to that task?

TranssexualKaren

(364 posts)
8. Except that there is a point to it....
Thu Apr 5, 2018, 12:35 PM
Apr 2018

He’s got us all watching his left hand as his right hand is stealing our democracy.

Freethinker65

(10,037 posts)
14. Democracy means nothing to Trump. He wants to be worshipped and enjoys feeling powerful.
Thu Apr 5, 2018, 03:33 PM
Apr 2018

He can do or say practically anything, fuck with anyone and almost any country he wants, and he can get away with it (for now). All while enriching himself.

mahatmakanejeeves

(57,595 posts)
6. My investment adviser is J. P. Morgan. When asked what the stock market would do, he said,
Thu Apr 5, 2018, 12:01 PM
Apr 2018

"It will fluctuate."

J. P. Morgan

John Pierpont Morgan (April 17, 1837 – March 31, 1913) was an American financier, banker, philanthropist and art collector who dominated corporate finance and industrial consolidation during his time.

Quotes

It will fluctuate.
When asked what the stock market will do, as quoted by Benjamin Graham in The Intelligent Investor (Collins Business, revised 2003), p. 54; which gives as source:
Jean Strouse, Morgan: American Financier (Random House, 1999), p. 11

I owe the public nothing.
Quoted in the New York World (11 May 1901) during the Northern Pacific Corner. See Morgan: American Financier by Jean Strouse

The first thing [in credit] is character … before money or anything else. Money cannot buy it.… A man I do not trust could not get money from me on all the bonds in Christendom. I think that is the fundamental basis of business.
Testimony to the Pujo Committee (1912)

brooklynite

(94,718 posts)
11. Know what I did when the markets tanked this week?
Thu Apr 5, 2018, 01:22 PM
Apr 2018

Nothing.

My wife and I have a process to deposit savings into our investment account twice a month. We also put money into 401k(s) with each paycheck. If the market goes up, our holdings are worth more. If the market goes down, our deposits mean we buy more shares at a lower cost. We invest for the long term.

ProfessorGAC

(65,159 posts)
13. A Wise Decision
Thu Apr 5, 2018, 03:12 PM
Apr 2018

If not for that mindset, everybody would turn into daytraders and the market would be in total chaos all the time.

I did the exact same as you.

Maeve

(42,288 posts)
12. I will say what I've said since the days when I helped host the Daily Stock Watch Thread
Thu Apr 5, 2018, 02:41 PM
Apr 2018

If you are going to follow the market closely, buy Tums. You'll need them.

Maxheader

(4,373 posts)
18. And then the bottom falls out....again..
Fri Apr 6, 2018, 06:54 PM
Apr 2018

In the process of a rollover from schwab to fidelity...
and I have no idea what to reinvest in...

leftyladyfrommo

(18,869 posts)
23. It was from Market Watch. yesterday. The Tell.
Sat Apr 7, 2018, 03:30 PM
Apr 2018

I just cked and it is still out there today. I just googled Dow Jones and scrolled down and there it was.

It said stocks could go down 40% over the next 18 months.

I just have a phone and I don't know hiw to transfer the link.

nolabels

(13,133 posts)
24. These financial planners often use a yesteryear model for today's financial world
Sun Apr 8, 2018, 11:16 AM
Apr 2018

Say it happens three times as fast, what does that look like?

Engineers often use the three times equation to account for stress that might happen. It's a ploy that makes intellectual sense and works most of the time. The three times rule might be able to be flipped around here especially when you understand there is a large human population that is part of the equation.

Our world is now driven computer derived calculation as much as it is by humans (which given the corresponding circumstances could indicate it might only take three days)

Latest Discussions»Latest Breaking News»Dow rises more than 300 p...