https://www.cnbc.com/2020/04/06/stock-market-live-updates-dow-futures-up-750-nasdaq-futures-up-4percent-bottom-in.html /Stock market live Monday: Dow rises 1,600, up 20% from low, Yellen’s shocking forecast
Stock market live Monday: Dow rises 1,600, up 20% from low, Yellen’s shocking forecast
Stocks jumped as Wall Street bounced back from a steep market sell-off—Three experts on state of the markets
Stocks ripped higher to start the holiday-shortened week as a combination of positive headlines eased investor angst after last week’s abysmal March jobs numbers. Though the White House said this week’s COVID-19 deaths could be substantial, the administration struck a more optimistic tone at its press conference on Sunday. Here’s what happened:
4:30 pm: Rally by the numbers
Dow closed up 1,627.46 points or 7.73%, at 22,679.99, posting its third biggest point gain ever
Year to date: Dow is down 20.53%, on pace for its worst year since 2008 when the Dow lost 33.64%
From Record: Dow is 23.30% below its intraday all-time high of 29,568.57 from Feb 12
S&P 500 closed up 175.03 points, or 7.03%, at 2,663.68, for its best day since Mar 24th when the S&P gained 9.38%
Year to date: S&P is down 17.55%, on pace for its worst year since 2008 when the S&P lost 38.49%
From Record: S&P is 21.51% below its intraday all-time high of 3,393.52 from Feb 19/
Bottom 18500 few wks back*?
Maybe sideways for awhile until more stability w covid19?
