enhanced_deficit
03-16-2020, 12:19 PM
Trump touts ‘biggest stock market rise in history yesterday,’ but many investors believe worst isn’t over amid coronavirus panic
Published: March 15, 2020 at 6:40 p.m. ET By Mark DeCambre
Friday’s Dow gain was the largest ever on a points basis, much as Thursday, Monday and Wednesday, respectively, had delivered the blue-chip index’s largest, second largest and third largest one-day point declines
https://ei.marketwatch.com/Multimedia/2020/03/14/Photos/ZQ/MW-IC254_trump__20200314085953_ZQ.jpg?uuid=b27148f8-65f3-11ea-ae18-9c8e992d421e
President Donald Trump pointed in a Saturday tweet to Friday’s stock-market gains.
AP
Referenced Symbols
DJIA -9.68%
(https://www.marketwatch.com/investing/index/DJIA?mod=refsymb_mw) SPX -9.35%
(https://www.marketwatch.com/investing/index/SPX?mod=refsymb_mw) COMP -9.43%
(https://www.marketwatch.com/investing/index/COMP?mod=refsymb_mw) VIX 34.08% (https://www.marketwatch.com/investing/index/VIX?mod=refsymb_mw)
‘BIGGEST STOCK MARKET RISE IN HISTORY YESTERDAY!’
— President Donald Trump
That is Trump on Saturday morning, referencing the Friday surge by the Dow Jones Industrial Average DJIA, -9.682% (https://www.marketwatch.com/investing/index/DJIA?mod=MW_story_quote), the S&P 500 index SPX, -9.350% (https://www.marketwatch.com/investing/index/SPX?mod=MW_story_quote) and the Nasdaq Composite COMP, -9.432% (https://www.marketwatch.com/investing/index/COMP?mod=MW_story_quote), which constituted the major equity benchmarks’ biggest daily percentage gains since 2008.
Friday’s Dow gain (https://www.marketwatch.com/story/stock-futures-fall-again-indicating-ominous-start-to-trading-on-friday-the-13th-2020-03-12?mod=article_inline) was the largest ever on a points basis, much as Thursday, Monday and Wednesday, respectively, had delivered the blue-chip index’s largest, second largest and third largest one-day point declines.
But Friday’s rally in U.S. stocks that Trump tweeted about only recovered most of the losses suffered a day earlier, when the market saw its worst day on a percentage-loss basis since the Black Monday crash of 1987. The Dow is down about 20% from its record high. That puts it in a bear market.
Friday’s gains followed a week of unrivaled volatility across markets that elicited numerous references to the financial crisis 12 years ago and the 1987 crash (https://www.marketwatch.com/story/dow-plunges-10-and-marks-worst-worst-day-since-the-1987-crash-as-coronavirus-crushes-wall-streets-buying-sentiment-2020-03-12?mod=article_inline), except in some ways this crisis has felt more intense and unsettling to market participants.
https://www.marketwatch.com/story/trump-touts-biggest-stock-market-rise-in-history-yesterday-but-some-investors-think-worst-isnt-over-amid-coronavirus-panic-2020-03-14
Related
Trump gloats about stock rally, attacks Biden in North Carolina
Published: March 2, 2020
https://www.marketwatch.com/story/trump-gloats-about-stock-rally-attacks-biden-in-north-carolina-2020-03-02
Published: March 15, 2020 at 6:40 p.m. ET By Mark DeCambre
Friday’s Dow gain was the largest ever on a points basis, much as Thursday, Monday and Wednesday, respectively, had delivered the blue-chip index’s largest, second largest and third largest one-day point declines
https://ei.marketwatch.com/Multimedia/2020/03/14/Photos/ZQ/MW-IC254_trump__20200314085953_ZQ.jpg?uuid=b27148f8-65f3-11ea-ae18-9c8e992d421e
President Donald Trump pointed in a Saturday tweet to Friday’s stock-market gains.
AP
Referenced Symbols
DJIA -9.68%
(https://www.marketwatch.com/investing/index/DJIA?mod=refsymb_mw) SPX -9.35%
(https://www.marketwatch.com/investing/index/SPX?mod=refsymb_mw) COMP -9.43%
(https://www.marketwatch.com/investing/index/COMP?mod=refsymb_mw) VIX 34.08% (https://www.marketwatch.com/investing/index/VIX?mod=refsymb_mw)
‘BIGGEST STOCK MARKET RISE IN HISTORY YESTERDAY!’
— President Donald Trump
That is Trump on Saturday morning, referencing the Friday surge by the Dow Jones Industrial Average DJIA, -9.682% (https://www.marketwatch.com/investing/index/DJIA?mod=MW_story_quote), the S&P 500 index SPX, -9.350% (https://www.marketwatch.com/investing/index/SPX?mod=MW_story_quote) and the Nasdaq Composite COMP, -9.432% (https://www.marketwatch.com/investing/index/COMP?mod=MW_story_quote), which constituted the major equity benchmarks’ biggest daily percentage gains since 2008.
Friday’s Dow gain (https://www.marketwatch.com/story/stock-futures-fall-again-indicating-ominous-start-to-trading-on-friday-the-13th-2020-03-12?mod=article_inline) was the largest ever on a points basis, much as Thursday, Monday and Wednesday, respectively, had delivered the blue-chip index’s largest, second largest and third largest one-day point declines.
But Friday’s rally in U.S. stocks that Trump tweeted about only recovered most of the losses suffered a day earlier, when the market saw its worst day on a percentage-loss basis since the Black Monday crash of 1987. The Dow is down about 20% from its record high. That puts it in a bear market.
Friday’s gains followed a week of unrivaled volatility across markets that elicited numerous references to the financial crisis 12 years ago and the 1987 crash (https://www.marketwatch.com/story/dow-plunges-10-and-marks-worst-worst-day-since-the-1987-crash-as-coronavirus-crushes-wall-streets-buying-sentiment-2020-03-12?mod=article_inline), except in some ways this crisis has felt more intense and unsettling to market participants.
https://www.marketwatch.com/story/trump-touts-biggest-stock-market-rise-in-history-yesterday-but-some-investors-think-worst-isnt-over-amid-coronavirus-panic-2020-03-14
Related
Trump gloats about stock rally, attacks Biden in North Carolina
Published: March 2, 2020
https://www.marketwatch.com/story/trump-gloats-about-stock-rally-attacks-biden-in-north-carolina-2020-03-02