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
Hugin
(33,189 posts)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)People like to look for easy explanations for the ups and downs - but they are usually not right.
still_one
(92,372 posts)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)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.
TranssexualKaren
(364 posts)They realize hes a bag of hot air too.
Major Nikon
(36,827 posts)Freethinker65
(10,037 posts)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)Hes got us all watching his left hand as his right hand is stealing our democracy.
Freethinker65
(10,037 posts)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)"It will fluctuate."
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)
Yonnie3
(17,477 posts)oberliner
(58,724 posts)brooklynite
(94,718 posts)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)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)If you are going to follow the market closely, buy Tums. You'll need them.
Kingofalldems
(38,469 posts)oberliner
(58,724 posts)Here's hoping the market bounces back next week.
Maxheader
(4,373 posts)In the process of a rollover from schwab to fidelity...
and I have no idea what to reinvest in...
oberliner
(58,724 posts)Here's hoping for a better week ahead.
leftyladyfrommo
(18,869 posts)This volatility is not a good sign.
Quemado
(1,262 posts)Not doubting what you said. Just interested to read the source.
leftyladyfrommo
(18,869 posts)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)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)