Wall Street traders are pegging stock-market gains on Wednesday to Biden’s Tuesday night victories in the Democratic primary vote for a U.S. presidential candidate.. ….
Nick Bit! Bullshit this is a excuse since they got it so wrong yesterday….. Its all about global central bank coordinated quantum easing
U.S. stocks rebounded on Wednesday after results of the Democratic party’s primary vote to nominate a presidential candidate in November’s election boosted the chances of former Vice President Joe Biden.
On Tuesday stocks had slumped when a rare emergency interest rate cut by the Federal Reserve failed to inspire investor confidence in policymakers’ ability to counter the COVID-19 epidemic, the infectious disease that originated in Wuhan, China late last year.
The Dow Jones Industrial Average DJIA, +1.85% advanced 491 points, or 1.9%, to around 26,408. The S&P 500 SPX, +1.58% rose 43 points, or 1.4%, to 3,047. The Nasdaq Composite COMP, +1.60% climbed 108 points, or 1.2%, to 8,792.
On Tuesday, the Dow finished 785.91 points lower, or 2.9%, to 25,917.41, after being down by as many as 997.04 points. Meanwhile, the S&P 500 fell 86.86 points, or 2.8%, to 3,003.37. The Nasdaq Composite Index retreated 268.07 points, or 3%, to end at 8,684.09. antibusiness. Nick Bit: Thats why i initiated BEFORE my secret super duper spread trade secret weapon.
The bounceback in stocks on Wednesday came after the Fed jolted markets with a half-a-percentage-point rate cut on Tuesday, saying that while the economy’s fundamentals remain strong, the “coronavirus poses evolving risks to economic activity.” Investors now say other global central banks are likely to follow suit, with analysts pointing to the Bank of Canada as the next to pull the trigger on rate cuts. The International Monetary Fund’s members called on the Washington-based international organization to provide available financing for countries dealing with the economic shock of the coronavirus. This comes a day after the World Bank pledged to deploy $12 billion of funds for such nations. Stocks ended Tuesday with losses of about 3% and the 10-year Treasury note yield fell below 1% for the first time in a century and a half. “The magnitude of the market sell-off and the rapid policy reaction encouraged us to recently add to our risk positions” through additional exposure to U.S. high-yield credit versus high-quality bonds, Mark Haefele, UBS Wealth Management’s global chief investment officer, wrote in a note. Nick Note: Lets get this straight… Forget Bison the Biden candidate for president who has lost his dignity becoming a reality TV show screaming Meme. Like Trump! This is all about Lock And Load massive and i mean MASSIVE central bank coordinated Quantum Easing, Its party time for now. BUT later on it will bring about a global depression and financial system collapse. Until that day of reckoning lets let the two ton Guerrilla orgy make us a 40 foot shipping container load of money.