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BumRushDaShow

(127,331 posts)
7. Dow closed up 932 yesterday
Thu May 5, 2022, 06:37 PM
May 2022
4:07 p.m. ET, May 4, 2022
Dow surges more than 900 points for its best day in 2 years

From CNN Business' Nicole Goodkind

US markets rallied sharply on Wednesday, posting their best day in two years, after the Federal Reserve Chair Jerome Powell announced a half-point rate hike but assured investors that even bigger rate hikes are "not something the [Fed] is actively considering."

(snip)

The Dow closed 932 higher, rising 2.8%. That was the index's best day since November 9, 2020.

https://www.cnn.com/business/live-news/stock-market-news-fed-rate/index.html


So the 2-day net was -188.



WTF? I just ordered my DOW 40K hat 😭😭😭 yaesu May 2022 #1
' . . . seeing it [the big gain] 100 Percent reversed within half a day . . . ' empedocles May 2022 #2
Stock markets do not assess a functioning economy since only the investor class is affected AZLD4Candidate May 2022 #3
Ban buybacks or at least multigraincracker May 2022 #6
i wouldn't say I'm "the investor class." My pension from my less-than-average pay job has been hit Doodley May 2022 #8
You are a small time player. That's not what I mean by investor class. AZLD4Candidate May 2022 #10
"....only the investor class is affected" Doodley May 2022 #12
I'm shutting this down. I am not going to engage in this. AZLD4Candidate May 2022 #13
You're welcome to take your toys and go home TheProle May 2022 #24
When a rich person loses half their net worth, it doesn't affect their lifestyle at all progree May 2022 #14
The "investor class" includes union members, whose pension funds mahatmakanejeeves May 2022 #22
It's on bucolic_frolic May 2022 #4
It was up, what 784 yesterday? Warpy May 2022 #5
Dow closed up 932 yesterday BumRushDaShow May 2022 #7
Thanks, I didn't check much after noon MDT, I guess Warpy May 2022 #11
I usually pop the local news radio station on here 3 pm ET (my time) BumRushDaShow May 2022 #15
S&P 500 is down 13.6% from its Jan 3 all time high (4797), and down 13.0% year-to-date progree May 2022 #9
Yeah they have been pretty consistent noting that they have been in a bear market territory BumRushDaShow May 2022 #16
Are they talking bear market? I thought 10% down was a correction and 20% down was a bear progree May 2022 #17
Well that's why the reports couched it with that term "territory" BumRushDaShow May 2022 #18
There's a metric shitload of middle class voters out there with their meager Calista241 May 2022 #19
That's a bingo. mahatmakanejeeves May 2022 #23
Sad. ck4829 May 2022 #20
Intentional Sick_n_Tired May 2022 #21
Latest Discussions»Latest Breaking News»Dow tumbles 1,000 points,...»Reply #7