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Started By
Message

Stock market cant stop climbing, DOW has biggest day in history.
Posted on 3/11/21 at 3:30 pm
Posted on 3/11/21 at 3:30 pm
quote:
The markets are closed.
? S&P 500 ? 1.04%
? Nasdaq ? 2.52%
? Russell 2K ? 2.31%
? Dow Jones ? 0.58%
quote:
U.S. stocks climbed to record highs Thursday as the comeback in tech shares resumed, while the signing of additional fiscal stimulus gave sentiment a further boost.
quote:
DOW JONES UNOFFICIALLY CLOSES UP 207.98 POINTS, OR 0.64%, AT 32,505.00
NASDAQ UNOFFICIALLY CLOSES UP 321.24 POINTS, OR 2.46%, AT 13,390.07
S&P 500 UNOFFICIALLY CLOSES UP 41.80 POINTS, OR 1.07%, AT 3,940.61
quote:
Wall Street was on a tear again Thursday, with tech stocks surging and both the Dow (INDU) and the S&P 500 (SPX) notching fresh record highs.
The Dow finished up 0.6%, or 189 points, while the S&P closed 1% higher.
The tech-heavy Nasdaq Composite (COMP) scored the biggest gains of the day, rising 2.5%.
Spring has sprung and equity investors are in the spirit: They're feeling optimistic about the $1.9 trillion stimulus package Congress passed this week and signed into law by President Joe Biden earlier in the day, as well as the eventual reopening of the economy.
"Trends related to Covid continue to show improvement on both a national and international basis, as vaccine doses continue to pile up across the country," said Bespoke Investment's Paul Hickey.
Bond yields, which climbed recently on worries that an inflation spike would force the Federal Reserve to raise rates sooner rather than later, have fallen back again. Those fears were calmed in part by Wednesday's inflation report, which was in line with economists' expectations.
quote:
Some are still keen to keep buying equities, especially those sensitive to the economy, ahead of the arrival of stimulus checks," Razaqzada added, "while others are happy to book profit after a remarkable rally over the past year or so."
Thursday's economic data also helped shore up optimism: Weekly first-time claims for unemployment benefits came in lower than economists had predicted, and they also fell from the prior week. It might be a sign that the US jobs recovery is finally gathering steam.
Even so, with 712,000 seasonally adjusted initial claims filed last week, the number of workers requiring benefits is still higher than during the peak of the Great Recession.
LINK
Posted on 3/11/21 at 3:31 pm to agregime1
funny money machine goes brrrrt
Posted on 3/11/21 at 3:31 pm to agregime1
How can it stop climbing when the government is just printing money.
Posted on 3/11/21 at 3:31 pm to agregime1
good! maybe i'll get back some of the $60k i lost over the last week.
Posted on 3/11/21 at 3:33 pm to HempHead
[quote]funny money machine goes brrrrt

Posted on 3/11/21 at 3:33 pm to agregime1
Money printer going brrrtttttt
Posted on 3/11/21 at 3:35 pm to agregime1
quote:
DOW has biggest day in history.
Pretty sure 0.58% isn't the biggest day in history.
Posted on 3/11/21 at 3:35 pm to agregime1
I am making really good coins in the Crypto market
Posted on 3/11/21 at 3:37 pm to Hogwarts
quote:
Money printer going brrrtttttt
Don't get me wrong - I am not completely upset. I'm a pretty standard investor and I am doing okay.
The real problem is that this reveals that the market is not completely subject to actual economic conditions, or at least, can be pumped using monetary stimulus. Who cares if the S&P goes up 17& YTY if we are looking at a 50% increase in M1 supply (completely made up numbers, just a hypo)
Posted on 3/11/21 at 3:37 pm to agregime1
quote:
DOW has biggest day in history.

Posted on 3/11/21 at 3:38 pm to S
quote:
Joseph Robinette Biden
That fricker doesn't even know where he is.
Posted on 3/11/21 at 3:39 pm to agregime1
Inserting a few trillion into the economy will do that.
Posted on 3/11/21 at 3:41 pm to agregime1
I finished more than 3x that day trading when on the shitter.
Posted on 3/11/21 at 3:52 pm to agregime1
quote:
DOW has biggest day in history.
quote:
DOW JONES UNOFFICIALLY CLOSES UP 207.98 POINTS
Posted on 3/11/21 at 3:56 pm to HempHead
quote:
The real problem is that this reveals that the market is not completely subject to actual economic conditions
Always has been this way.
Posted on 3/11/21 at 4:03 pm to agregime1
(no message)
This post was edited on 3/11/21 at 4:04 pm
Posted on 3/11/21 at 4:06 pm to MorbidTheClown
quote:AMEN! Tech stocks got pummeled the last week just about the fricking time my accountant calls with my '20 taxes. Hopefully this tech uptick can help offset the capital gains taxes I have to pay in 6 weeks.
good! maybe i'll get back some of the $60k i lost over the last week.
Posted on 3/11/21 at 4:13 pm to agregime1
Wall Street loves them some handouts
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