Wall Street swings wildly as volatility again seizes markets

Source: Associated Press

By STAN CHOE, ALEX VEIGA and DAMIAN J. TROISE
18 minutes ago

NEW YORK (AP) — Stocks are swinging wildly on Wall Street Thursday as an early rally disappeared, only to re-emerge and then threaten to vanish again.

In a microcosm of the extreme market swings that the coronavirus pandemic has caused for months, the S&P 500 rallied to a gain of as much as 1.6% in the morning before erasing all of it within a span of seconds. Stocks went on a few more jags up and down in the afternoon, and the S&P 500 was up 0.3%, as of 2:23 p.m. Eastern time.

It’s the latest example of the fragility of the hope among investors that that has driven a rally of 25% for the S&P 500 over the last month — hope that parts of the economy may be able to reopen soon, hope that massive aid from the Federal Reserve and Congress can help temper the deep recession ahead and hope that possible treatments for COVID-19 may be on the way.

Somehow, meanwhile, a report showing that another 4.4 million U.S. workers filed for unemployment benefits last week got shoved to the background amid all the tumult.


Read more: https://apnews.com/9b0e372ce42e169e50b6651971edb24b

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A) There is no vaccine if they can ever get one, and B) there are not enough test kits being done,........that is a reality.......and the economy will never be the "same" until a and b get done whatever the "same" means ...JFC.....