BREAKING: Dow jumps 1,000 points heading into the close

[tacobell fan]

Stocks rose in wild trading on Tuesday as investors weighed the prospects of fiscal stimulus to curb slower economic growth stemming from the coronavirus outbreak. 

The Dow Jones Industrial Average traded 585 points higher, or 2.5%. Earlier in the day, the 30-stock average was up 945 points. The S&P 500 was up 2.7% after jumping 3.7%. The Nasdaq Composite advanced as much as 3.8% before trading 2.9% higher. The major averages briefly turned negative earlier, with the Dow falling as much as 160 points.

 

Facebook, Amazon, Apple and Netflix all rose more than 1%. JPMorgan Chase and Home Depot led the Dow higher, rising 5.5% and 4.4%, respectively. 

The S&P 500 energy sector traded up just 0.1% after surging as much as 6.8%. Noble Energy and Kinder Morgan fell 5.8% and 4.9%, respectively, to lead the sector lower. 

“Fiscal stimulus is the antidote that can bridge the gap between what was happening before coronavirus and what will happen after it,” said Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management. “It certainly can’t cure the virus, but it can help contain some of the economic fallout.”

“Today’s trading activity is the market trying to gauge whether the stimulus is going to be sufficient,” he said. 

President Donald Trump floated on Monday the idea of “a payroll tax cut or relief” to offset the negative impact from the coronavirus. The potential tax incentives come on top of an $8.3 billion spending package Trump signed last week. However, administration officials told CNBC that the White House is not close to rolling out specific proposals to deal with a coronavirus-induced economic slowdown. CNBC later learned Trump pitched a 0% payroll tax rate for the rest of 2020.

 

“While we believe that a fiscal stimulus package will be produced, the timing and scope remain uncertain,” said Ed Mills, Washington policy analyst at Raymond James, in a note. “When asked about the potential for a fiscal package, some Republican leaders on the Hill signaled that they believe these actions to be premature and key Congressional Democrats arguing that there are more immediate priorities over tax cuts and plan to introduce their own package in coming days.”

The market suffered a historic sell-off on Monday, with the Dow and the S&P 500 plunging 7.8% and 7.6%, respectively, both posting their worst day since 2008. The Dow’s 2,013-point drop was also the biggest-ever point drop for the 30-stock average.

The deep stock rout put the record-long bull market in jeopardy. As of Monday’s close, the S&P 500 was 19% below its intraday all-time high of 3,393.52 from Feb.19. The benchmark would fall into bear market territory if it slumps 20% from its peak or more.

“We have repriced across the board,” said Gregory Faranello, head of U.S. rates trading at AmeriVet Securities. “Things have simply moved a lot. And we are not suggesting this move is over, yet comparisons to prior periods in time given the magnitude of the moves is understood but may be misleading.”

Oil prices move higher

Meanwhile, oil prices saw some respite Tuesday. U.S. West Texas Intermediate crude futures were up 10.4% at $34.36 per barrel.

That came after a shocking all-out oil price war roiled markets already on edge about the economic fallout from the fast-spreading coronavirus. Oil posted its worst day since 1991, with the WTI plunging more than 24% Monday, after Saudi Arabia slashed crude selling prices for April following the collapse in OPEC talks.

Monday’s monster sell-off triggered a key market circuit breaker that resulted in a 15-minute pause in trading early in the session.

Investors sought out on Monday safer assets amid additional fears that the coronavirus will disrupt global supply chains and tip the economy into a recession. The yield on the benchmark 10-year Treasury note dropped below 0.5% for the first time ever, while the 30-year rate breached 1%. At one point early Monday, the 10-year slid to 0.318%.

Treasury yields rebounded on Tuesday, with the 10-year rate hovering above 0.6% while the 2-year yield traded at 0.48%. The 30-year bond yield climbed back above 1% to trade at 1.133%.

[Pitta]

[TensionNahiLeneka]

continuous ga next 3 days 1000 points up avvamanu, appudu maa manassu, stocks shantistayi. lekapote "1000 points is" waste yavvarale.

[supportamaravathi]

Just now, TensionNahiLeneka said:

continuous ga next 3 days 1000 points up avvamanu, appudu maa manassu, stocks shantistayi. lekapote "1000 points is" waste yavvarale.

Nee M santhiste endi cut ite endi piccha waste yavvarale

[tacobell fan]

1 minute ago, TensionNahiLeneka said:

continuous ga next 3 days 1000 points up avvamanu, appudu maa manassu, stocks shantistayi. lekapote "1000 points is" waste yavvarale.

[TensionNahiLeneka]

23 minutes ago, supportamaravathi said:

Nee M santhiste endi cut ite endi piccha waste yavvarale

poyina paisal anni raavali gaa bhayya. rakapote shanti ledu, shantinchadaalu ledu 

[TensionNahiLeneka]

23 minutes ago, tacobell fan said:

atla stock market ni guddu. paiki lestadi 

[tacobell fan]

20 minutes ago, TensionNahiLeneka said:

atla stock market ni guddu. paiki lestadi 

@TRUMP undaga manaki chance ekkada istadu

[iddaritho]

Just made 8 k in MSFT options 

[k2s]

2 hours ago, tacobell fan said:

Stocks rose in wild trading on Tuesday as investors weighed the prospects of fiscal stimulus to curb slower economic growth stemming from the coronavirus outbreak. 

The Dow Jones Industrial Average traded 585 points higher, or 2.5%. Earlier in the day, the 30-stock average was up 945 points. The S&P 500 was up 2.7% after jumping 3.7%. The Nasdaq Composite advanced as much as 3.8% before trading 2.9% higher. The major averages briefly turned negative earlier, with the Dow falling as much as 160 points.

 

Facebook, Amazon, Apple and Netflix all rose more than 1%. JPMorgan Chase and Home Depot led the Dow higher, rising 5.5% and 4.4%, respectively. 

The S&P 500 energy sector traded up just 0.1% after surging as much as 6.8%. Noble Energy and Kinder Morgan fell 5.8% and 4.9%, respectively, to lead the sector lower. 

“Fiscal stimulus is the antidote that can bridge the gap between what was happening before coronavirus and what will happen after it,” said Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management. “It certainly can’t cure the virus, but it can help contain some of the economic fallout.”

“Today’s trading activity is the market trying to gauge whether the stimulus is going to be sufficient,” he said. 

President Donald Trump floated on Monday the idea of “a payroll tax cut or relief” to offset the negative impact from the coronavirus. The potential tax incentives come on top of an $8.3 billion spending package Trump signed last week. However, administration officials told CNBC that the White House is not close to rolling out specific proposals to deal with a coronavirus-induced economic slowdown. CNBC later learned Trump pitched a 0% payroll tax rate for the rest of 2020.

 

“While we believe that a fiscal stimulus package will be produced, the timing and scope remain uncertain,” said Ed Mills, Washington policy analyst at Raymond James, in a note. “When asked about the potential for a fiscal package, some Republican leaders on the Hill signaled that they believe these actions to be premature and key Congressional Democrats arguing that there are more immediate priorities over tax cuts and plan to introduce their own package in coming days.”

The market suffered a historic sell-off on Monday, with the Dow and the S&P 500 plunging 7.8% and 7.6%, respectively, both posting their worst day since 2008. The Dow’s 2,013-point drop was also the biggest-ever point drop for the 30-stock average.

The deep stock rout put the record-long bull market in jeopardy. As of Monday’s close, the S&P 500 was 19% below its intraday all-time high of 3,393.52 from Feb.19. The benchmark would fall into bear market territory if it slumps 20% from its peak or more.

“We have repriced across the board,” said Gregory Faranello, head of U.S. rates trading at AmeriVet Securities. “Things have simply moved a lot. And we are not suggesting this move is over, yet comparisons to prior periods in time given the magnitude of the moves is understood but may be misleading.”

Oil prices move higher

Meanwhile, oil prices saw some respite Tuesday. U.S. West Texas Intermediate crude futures were up 10.4% at $34.36 per barrel.

That came after a shocking all-out oil price war roiled markets already on edge about the economic fallout from the fast-spreading coronavirus. Oil posted its worst day since 1991, with the WTI plunging more than 24% Monday, after Saudi Arabia slashed crude selling prices for April following the collapse in OPEC talks.

Monday’s monster sell-off triggered a key market circuit breaker that resulted in a 15-minute pause in trading early in the session.

Investors sought out on Monday safer assets amid additional fears that the coronavirus will disrupt global supply chains and tip the economy into a recession. The yield on the benchmark 10-year Treasury note dropped below 0.5% for the first time ever, while the 30-year rate breached 1%. At one point early Monday, the 10-year slid to 0.318%.

Treasury yields rebounded on Tuesday, with the 10-year rate hovering above 0.6% while the 2-year yield traded at 0.48%. The 30-year bond yield climbed back above 1% to trade at 1.133%.

thaggudu emo 8% (2000 pts ) perugudu emo 4-5%(1000 pts ) .. final ga gross ga loss e ga 

[tacobell fan]

Just now, k2s said:

thaggudu emo 8% (2000 pts ) perugudu emo 4-5%(1000 pts ) .. final ga gross ga loss e ga 

edo pedda munda vadu kshemam kori chepthe antha la gabara padala 

[k2s]

2 minutes ago, tacobell fan said:

edo pedda munda vadu kshemam kori chepthe antha la gabara padala 

which gabara

what gabara

who gabara

when gabara

whose gabara

how gabara

where gabara

why gabara