STOCK MARKET WATCH - Monday, 18 May 2020

STOCK MARKET WATCH, Monday, 18 May 2020

Previous SMW:
SMW for 15 May 2020

AT THE CLOSING BELL ON: 15 May 2020

Dow Jones 23,685.42 +60.08 (0.25%)
S&P 500 2,863.70 +11.20 (0.39%)
Nasdaq 9,014.56 +70.84 (0.79%)

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits
Yahoo International
CNN Money Premarket

(click on links for latest updates)

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Currencies:

Gold & Silver:

Petroleum:

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

8

Tweet

2 replies, 598 views

Thread info Bookmark this thread Trash this thread

Reply to this thread

Always highlight: 10 newest replies | Replies posted after I mark a forum

Replies to this discussion thread

2 replies	Author	Time	Post
STOCK MARKET WATCH - Monday, 18 May 2020 (Original post)	Tansy_Gold	May 2020	OP
Joygasm on the Dow this morning.	Hugin	May 2020	#1
From this morning's new stories, it's because of a positive vaccine trial which in turn	progree	May 2020	#2

Response to Tansy_Gold (Original post)

Mon May 18, 2020, 08:57 AM

Hugin (27,626 posts)

1. Joygasm on the Dow this morning.

Celebrating the worst job numbers in 75 years, I guess.

The cynical side of me thinks they were draining it last week only to dump it all back in this morning to bang the markets.

The set-up over the weekend was obvious with all of the babble from Powell, the HHS guy, et al on all of the talking head shows.

Reply to this post

Response to Hugin (Reply #1)

Mon May 18, 2020, 10:38 AM

progree (7,718 posts)

2. From this morning's new stories, it's because of a positive vaccine trial which in turn

spurs hope of a sooner rather than later complete opening up of the economy. Even without that, more and more states have been partly opening up, and not just red states.

As for the jobs reports - The big Friday May 8 jobs and unemployment rate report wasn't as bad as expected, according to the pre-release polling by Reuters and Marketplace of the economists that they poll, which is the explanation being given (in part) of why the market went up last week. Literally absolutely nobody who had been following the previous weeks of weekly unemployment claims reports was surprised by the May 8 jobs report of a 20.5 million job loss or a 14.7% unemployment rate, as reported on May 8, but rather pleasantly surprised..

...

https://finance.yahoo.com/news/stock-market-news-live-may-17-2020-221852668.html

Reply to this post