Dow’s Absurd Rally Intensifies as Markets Flip Script on Toxic Data

Lai Tran June 7, 2019 0 Comments

By CCN: The Dow and broader U.S. stock market extended their relief rally to a fourth day on Thursday after dismal jobs data bolstered expectations that the Federal Reserve will slash interest rates this summer. Dow Extends Rally; S&P 500, Nasdaq Follow All of Wall Street’s major indexes continued higher on Friday, mirroring a strong pre-market for Dow futures. As of 2:53 pm ET, the Dow Jones Industrial Average had surged 299.34 points, or 1.16%, to 26,020 The blue-chip index has recovered more than 1,000 points this week. The broad S&P 500 Index of large-cap stocks rallied 32.99 points or

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Source: Bitcoin CNN