Trading Week #24 June 8, 2o2o Week #24: U.S. Equity continues to climb on Monday, with the Nasdaq 100 reaching a fresh record high and the Dow Jones moving vertically 400 points entering a fourteen-week high as investors wager on a swift economic recovery from the pandemic driven lockdown. For the time being, the anticipation of a second wave of the coronavirus and escalating US-China tensions have taken a backseat to the riots in the media. On the macro side, the National Bureau of Economic Research (NBER) officially declared the US entered into a recession (recognized as two consecutive quarters of economic decline) during February, concluding a 128-month expansion. The Dow Jones surged 462 points (1.7%) to 27,572. The S&P 500 climbed 39 points (1.2%) to 3232. The Nasdaq gained 111 points (1.1%) to 9925.
The Recession Has Been Canceled
The Recession Has Been Canceled
The Recession Has Been Canceled
Trading Week #24 June 8, 2o2o Week #24: U.S. Equity continues to climb on Monday, with the Nasdaq 100 reaching a fresh record high and the Dow Jones moving vertically 400 points entering a fourteen-week high as investors wager on a swift economic recovery from the pandemic driven lockdown. For the time being, the anticipation of a second wave of the coronavirus and escalating US-China tensions have taken a backseat to the riots in the media. On the macro side, the National Bureau of Economic Research (NBER) officially declared the US entered into a recession (recognized as two consecutive quarters of economic decline) during February, concluding a 128-month expansion. The Dow Jones surged 462 points (1.7%) to 27,572. The S&P 500 climbed 39 points (1.2%) to 3232. The Nasdaq gained 111 points (1.1%) to 9925.