Dow surges more than 500 points; U.S. stocks now up 40 percent off pandemic lows

[F-22Raptor]

Wall Street wrapped up one of its most remarkable 50-day runs on Wednesday, posting a 40 percent advance that telegraphs optimism against the three-pronged downward pull of disease, civil unrest and economic deterioration.

The Standard & Poor’s 500 closed at 3,122.87, a gain of 42 points or 1.4 percent. The broad market’s comeback from its March 23 low marks its best 50-day performance since 1933, according to Howard Sivlerblatt of S&P Dow Jones Indices.

The Dow Jones industrial average swelled more than 527 points, a 2 percent advance that places the blue chips at 26,269.89. The Nasdaq composite rose 74 points, or 0.8 percent, to finish at 9,682.91. The tech-heavy index is up 8 percent on the year and within 2 percent of its all-time high.

https://www.washingtonpost.com/busi...k-past-civil-unrest-home-economic-high-notes/

 

[A1Kaid]

The market is very resilient already the Dow is hovering at 26k. May be it will break 30k by end of year. It's been a good recovery for many people's portfolio lately.

 

[HttpError]

It will hit 40,000 very soon.

 

[The SC]

Oil prices at $40 too..

 

[Brainsucker]

It feel like bearish. Up first, before hard fall.

 

[Yaseen1]

it is all temporary measure but it is expected to crash soon due to riots in u.s