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The Water Cooler
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Nasdaq hit the circuit breakers against this morning; going up
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<blockquote data-quote="SlugSlinger" data-source="post: 3341668" data-attributes="member: 7248"><p><span style="font-size: 22px">[ATTACH=full]157606[/ATTACH]</span></p><p><span style="font-size: 22px"></span></p><p><span style="font-size: 22px"></span></p><p><span style="font-size: 22px"><strong>Dow scores best day in 87 years as Congress nears stimulus deal</strong></span></p><p>Mar. 24, 2020 4:30 PM ETBy: Carl Surran, SA News Editor<a href="https://seekingalpha.com/news/3554843#comments" target="_blank">32 Comments</a></p><ul> <li data-xf-list-type="ul">Stocks rallied strongly, closing at session highs, on expectations that the White House and congressional leaders are near a bipartisan agreement on a coronavirus relief bill that could top $2T.</li> <li data-xf-list-type="ul">Also, Pres. Trump expressed the need to reopen the economy, hoping the economy can be moving back to normal by Easter, although health officials are skeptical.</li> <li data-xf-list-type="ul">The Dow closed +11.3% for its <a href="https://www.cnbc.com/2020/03/23/dow-futures-up-more-than-200-points-as-senate-debates-over-virus-bill.html" target="_blank">best percentage gain since 1933</a>; also S&P 500 +9.4%, Nasdaq +8.1%.</li> <li data-xf-list-type="ul">Gains were broad based, with advancers leading decliners on the NYSE by 12 to 1, possible evidence that today's rebound might last more than just one day.</li> <li data-xf-list-type="ul">All 11 S&P 500 sectors racked up big gains, led by energy (+16.3%), financials (+12.8%) and industrials (+12.8%), while consumer staples (+4.8%) was the only group to advance less than 5%.</li> <li data-xf-list-type="ul">Stocks hardest hit by coronavirus related shutdowns were among today's biggest winners, with Wynn Resorts and MGM Resorts both up more than 15%, Delta Air Lines skied 21%, and General Motors zoomed nearly 20% higher.</li> <li data-xf-list-type="ul">U.S. Treasury prices fell for most of the session but closed off session lows, as the two-year yield rose 8 bps to 0.37% and the 10-year yield added 5 bps to 0.82%.</li> <li data-xf-list-type="ul">WTI crude oil settled +2.8% to $24.01/bbl.</li> </ul></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3341668, member: 7248"] [SIZE=6][ATTACH=full]157606[/ATTACH] [B]Dow scores best day in 87 years as Congress nears stimulus deal[/B][/SIZE] Mar. 24, 2020 4:30 PM ETBy: Carl Surran, SA News Editor[URL='https://seekingalpha.com/news/3554843#comments']32 Comments[/URL] [LIST] [*]Stocks rallied strongly, closing at session highs, on expectations that the White House and congressional leaders are near a bipartisan agreement on a coronavirus relief bill that could top $2T. [*]Also, Pres. Trump expressed the need to reopen the economy, hoping the economy can be moving back to normal by Easter, although health officials are skeptical. [*]The Dow closed +11.3% for its [URL='https://www.cnbc.com/2020/03/23/dow-futures-up-more-than-200-points-as-senate-debates-over-virus-bill.html']best percentage gain since 1933[/URL]; also S&P 500 +9.4%, Nasdaq +8.1%. [*]Gains were broad based, with advancers leading decliners on the NYSE by 12 to 1, possible evidence that today's rebound might last more than just one day. [*]All 11 S&P 500 sectors racked up big gains, led by energy (+16.3%), financials (+12.8%) and industrials (+12.8%), while consumer staples (+4.8%) was the only group to advance less than 5%. [*]Stocks hardest hit by coronavirus related shutdowns were among today's biggest winners, with Wynn Resorts and MGM Resorts both up more than 15%, Delta Air Lines skied 21%, and General Motors zoomed nearly 20% higher. [*]U.S. Treasury prices fell for most of the session but closed off session lows, as the two-year yield rose 8 bps to 0.37% and the 10-year yield added 5 bps to 0.82%. [*]WTI crude oil settled +2.8% to $24.01/bbl. [/LIST] [/QUOTE]
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