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Title : Dow, S&P And Nasdaq Score Biggest Point Gains Ever
link : Dow, S&P And Nasdaq Score Biggest Point Gains Ever
Dow, S&P And Nasdaq Score Biggest Point Gains Ever
CNN: Dow rallies 1,294 points, most in its history
US stocks rebounded sharply on Monday, with the Dow logging its biggest point gain in history.
Stocks are coming off their worst week since the 2008 financial crisis. The Dow (INDU) last week dropped 12.4%, while the S&P 500 (SPX) plunged 11.5%.
The Dow also recorded its worst one-day point drop in history on Thursday.
"If [the market is] priced to perfection and then something indicates that the perfection is a pipe dream, prices will come off," said Brad Cornell, emeritus professor of finance at UCLA, of last week's selloff. Prices are much more reasonable now, he added.
But Monday's rebound was strong. After a sharply higher open and some flipping between gains and losses mid-morning, stocks moved solidly higher.
Read more ....
Update #1: Dow roars back from coronavirus sell-off with biggest gain since 2009, surges 5.1% (CNBC)
Update #2: Dow, S&P and Nasdaq score biggest point gains ever as stocks make coronavirus comeback (FOX News)
WNU Editor: From last Thursday's worst one-day point drop in history, to today's largest point gain in history. This is why I do not invest in the stock market.
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CNN: Dow rallies 1,294 points, most in its history
US stocks rebounded sharply on Monday, with the Dow logging its biggest point gain in history.
Stocks are coming off their worst week since the 2008 financial crisis. The Dow (INDU) last week dropped 12.4%, while the S&P 500 (SPX) plunged 11.5%.
The Dow also recorded its worst one-day point drop in history on Thursday.
"If [the market is] priced to perfection and then something indicates that the perfection is a pipe dream, prices will come off," said Brad Cornell, emeritus professor of finance at UCLA, of last week's selloff. Prices are much more reasonable now, he added.
But Monday's rebound was strong. After a sharply higher open and some flipping between gains and losses mid-morning, stocks moved solidly higher.
Read more ....
Update #1: Dow roars back from coronavirus sell-off with biggest gain since 2009, surges 5.1% (CNBC)
Update #2: Dow, S&P and Nasdaq score biggest point gains ever as stocks make coronavirus comeback (FOX News)
WNU Editor: From last Thursday's worst one-day point drop in history, to today's largest point gain in history. This is why I do not invest in the stock market.
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