Wall St Closes Higher On Strong US Economic Data

[skews13]

A string of robust U.S. economic data eased concerns that the Federal Reserve may be cutting rates aggressively to curb any slowdown.

Weekly jobless claims fell more than anticipated, signaling a steady labor market, while the final reading of gross domestic product confirmed that the economy grew 3% in the second quarter

It (the GDP number) just kind of reinforces that strong economic growth backdrop that we have been seeing," said Mike Dickson, head of research at Horizon Investments in Charlotte, North Carolina.

Wall St closes higher on strong US economic data — Reuters

The S&P 500 scored a record closing high and the Dow and Nasdaq rose on Thursday, as Micron Technology (MU.O) shares rallied and a strong U.S. jobless claims report eased labor market concerns.

stocks.apple.com

 

[Oddball]

 

[lafayette]

It's the economy, stupid oddball.

 

[Manonthestreet]

Ya gotta get in there MAV ...buy buy buy

 

[excalibur]

LOL

Consumer Confidence in U.S. Economy Plummets in Latest Data

Americans’ confidence in the economy dropped sharply in September, the biggest one-month change since the COVID-19 pandemic, according to newly released data. The Conference Board’ Consumer Confidence Index, a marker of how confident Americans are in the economy, plummeted in September. The...

www.usmessageboard.com

 

[0311]

A string of robust U.S. economic data eased concerns that the Federal Reserve may be cutting rates aggressively to curb any slowdown.

Weekly jobless claims fell more than anticipated, signaling a steady labor market, while the final reading of gross domestic product confirmed that the economy grew 3% in the second quarter

It (the GDP number) just kind of reinforces that strong economic growth backdrop that we have been seeing," said Mike Dickson, head of research at Horizon Investments in Charlotte, North Carolina.

Wall St closes higher on strong US economic data — Reuters

The S&P 500 scored a record closing high and the Dow and Nasdaq rose on Thursday, as Micron Technology (MU.O) shares rallied and a strong U.S. jobless claims report eased labor market concerns.

stocks.apple.com

Bidenominics is working.

 

[luiza]

Ya gotta get in there MAV ...buy buy buy

You might get away with that for , say , three months , but the Fed has told you how scared they are of falling demand and future inflation .
The 50 point base rate fall was a near desperation ploy to keep a badly holed ship afloat .

And if the port strike goes ahead that will be very serious .

Meanwhile Commodities , and Precious Metals particularly, are near certain wagers to maximise profit .

 

[Picaro]

Meanwhile Commodities , and Precious Metals particularly, are near certain wagers to maximise profit .

Yep.

 

[lafayette]

You might get away with that for , say , three months , but the Fed has told you how scared they are of falling demand and future inflation .
The 50 point base rate fall was a near desperation ploy to keep a badly holed ship afloat .

And if the port strike goes ahead that will be very serious .

Meanwhile Commodities , and Precious Metals particularly, are near certain wagers to maximise profit .

luiza does not understand the markert or the fed at at all.

It was a move long debated, carefully thought out and planned for. Only Luiza here is desperate.

 

[Nuthin' Fancy]

Trump said the stock market is 'starting to look very good' after ...​

markets.businessinsider.com
https://markets.businessinsider.com › News › stocks
Feb 25, 2020 — donald trump. Getty Images. Trump tweeted that the "stock market is starting to look very good to me" on a day the Dow plunged over 1,000 points ...

Trump Silent On Stock Market After Coronavirus Plunge​

NPR
https://www.npr.org › 2020/03/01 › trump-says-market...
Mar 1, 2020 — President Trump used to boast about stock market gains at every turn. But after coronavirus fears caused the worst plunge since 2008, ...

 

[Harpy Eagle]

It has been a good September, which is normally one of the worst months for the markets.

Just in the month of Sept...

DJI is up 2.31%
S&P is up 1.97%
NASDAQ is up 2.64%
Hell, even the Russell 2000 is up 0.86%

 

[Zincwarrior]

2.2% inflation. 3% GDP. Price of oil just drop to $67 per barrel. Unemployment claims down.

 

[Harpy Eagle]

Hell, the markets are doing so well they are even dragging DJT up a little bit.

 

[luiza]

luiza does not understand the markert or the fed at at all.

It was a move long debated, carefully thought out and planned for. Only Luiza here is desperate.

Listen to the successful and the experts .

Even amateurs should realise that this type of move has only short term benefits and is a desperate ploy to avoid QE , which gives the game away to even Sheeple .

 

[lafayette]

As zincwarrior wrote, Luiza, "2.2% inflation. 3% GDP. Price of oil just drop to $67 per barrel. Unemployment claims down."

 

[luiza]

As zincwarrior wrote, Luiza, "2.2% inflation. 3% GDP. Price of oil just drop to $67 per barrel. Unemployment claims down."

Oil down reflects lower demand and decision makers are reporting the same throughout a number of industries —— which is leading to contraction in services providers.
And if you believe real inflation is 2. 2%you will next tell me that the Inflation Fairy has been providing invisible help .
Yes , the outlook is poor to bad and Merica being bankrupt will lead to help being harder and harder to find .
And your country has no friends except Israel which itself is in deep trouble because they are going under without US donations.
Run before the walls collapse

 

[lafayette]

Oil down reflects lower demand and decision makers are reporting the same throughout a number of industries —— which is leading to contraction in services providers.
And if you believe real inflation is 2. 2%you will next tell me that the Inflation Fairy has been providing invisible help .
Yes , the outlook is poor to bad and Merica being bankrupt will lead to help being harder and harder to find .
And your country has no friends except Israel which itself is in deep trouble because they are going under without US donations.
Run before the walls collapse

No, we don't go with your post-truth hocus pocus alternative fact mill. Stop right now and go to the priest and confess your sins.

 

[Winco]

Oil down reflects lower demand

Can you tell us the 'trump policy' that lowered gas prices?

 

[lafayette]

Lower demand or more product.

 

[Billo_Really]

A string of robust U.S. economic data eased concerns that the Federal Reserve may be cutting rates aggressively to curb any slowdown.

Weekly jobless claims fell more than anticipated, signaling a steady labor market, while the final reading of gross domestic product confirmed that the economy grew 3% in the second quarter

It (the GDP number) just kind of reinforces that strong economic growth backdrop that we have been seeing," said Mike Dickson, head of research at Horizon Investments in Charlotte, North Carolina.

Wall St closes higher on strong US economic data — Reuters

The S&P 500 scored a record closing high and the Dow and Nasdaq rose on Thursday, as Micron Technology (MU.O) shares rallied and a strong U.S. jobless claims report eased labor market concerns.

stocks.apple.com

Pretty fucking good for a Marxist, Communist government?