Dow posts biggest one-day point gain since 2008

[polychronopolous]

The Dow recorded its biggest one-day point gain since 2008 on Monday, as reports of trade talks between the U.S. and China reduced fears of a possible trade war.

The Dow Jones Industrial Average climbed 669.40 points, or 2.84%, to 24,202.60 at the close. The Nasdaq Composite rose 227.88, or 3.26%, to 7,220.54, while the S&P 500 Index gained 70.29, or 2.72%, to 2,658.55.

The rally followed the worst week for equities in more than two years, driven in part by investors’ concerns about U.S. tariffs targeting China. President Donald Trump announced on Thursday that he approved of a plan to impose tariffs on about $50 billion in Chinese imports. China responded by saying it would pursue reciprocal tariffs, targeting $3 billion in U.S. goods such as steel, wine and pork.

But U.S. Treasury Secretary Steven Mnuchin told Fox News that he has spoken to Chinese officials, adding that he’s “hopeful” the two sides can reach an agreement on trade. Reports suggest that the U.S. is seeking greater access to Chinese markets as part of the negotiations.

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“Trade policy will remain in focus as investors watch to see if tensions escalate, with negative implications for the broader global economy, or whether tensions ease as counter parties maintain a constructive dialogue,” Ameriprise Chief Market Strategist David Joy said in a note to clients.

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The surge in stocks also came at the beginning of a holiday-shortened trading week. Markets will be closed at the end of the week for Good Friday.

Shares of Facebook ended the day higher, rising 0.4%, after suffering heavy losses last week. The company is under a microscope for its data privacy policies.

Microsoft rallied 7.6% in reaction to a report from Morgan Stanley, whose analysts raised their price target for the company’s shares and predicted that Microsoft would hit $1 trillion in market value over the next 12 months Opens a New Window. .

General Electric was the lone member of the Dow with red ink on Monday. Shares fell 1.4%, slipping to their lowest level since 2009.

West Texas Intermediate oil dropped 33 cents to $65.55 a barrel.

The yield on the benchmark 10-year Treasury note rose to 2.845% from 2.826%.

[Board_SHERIF]

cue the snowflakes to say Hussien did this.....

[polychronopolous]

This post here is dedicated to all you liberals who hate America.

Invest 80% in VTSAX and the other 20% VBTLX to help smooth the ride.

Stocks Soar Higher as Trade War Fears Ease, Dow Climbs 669 Points




by JOHN CARNEY26 Mar 2018391

Stocks surged higher Monday, with major indexes climbing by close to 3 percent.
The Dow Jones Industrial Average climbed by 669 points, or 2.84 percent. The S&P 500 rose 2.7 percent. The Nasdaq Composite was up 3.26 percent. The Russell 2000 index of small cap stocks rose 2.14 percent.


 
Investors were cheered by signs that the Trump administration’s trade policies appear to be producing cooperation and compromise rather than sparking a trade war.

Treasury Secretary Steven Mnuchin told Fox News that he is “cautiously hopeful” that a trade deal can be reached with China.
The Financial Times reported that China is stepping up its efforts to avoid a trade war in part by buying more U.S. manufactured microchips.
South Korea also announced that it has reached a trade deal with U.S that will permanently exempt the country from the new steel tariffs while limiting shipments of the metal to about 2.7 million tons a year.
Peter Navarro, Trump’s top trade adviser, told CNBC that “it looks like we might get a really great deal on NAFTA.”
Navarro, who is the author of a book titled Death by China, even sounded positive about China, saying: “We’re hopeful there that the Chinese will work with us to basically address some of these practices” that the administration describes as “forced technology transfer.”

 
It wasn’t just good news on trade that helped. CNBC’s Jim Cramer also points to the lack of a “knock out blow” from the 60 Minutes interview with Stormy Daniels.  On Friday, there was some fear that the interview with the porn actress could be crippling to the Trump presidency in some way. On Monday, the consensus view was that that interview was, as Breitbart’s John Nolte put it, “a big fat nothing.”

Shares of Facebook sat out the rally after the Federal Trade Commission announced it is investigating the company’s data practices. Most of the big tech stocks, however, rose. Microsoft rose 7 percent. Semiconductor stocks did very well, most likely because of the news that China plans to buy U.S. made chips.

[chaos]

Thanks Obama

[polychronopolous]

Thanks Obama

yeah 1.5 years in and they are still going to be trying to take credit for it 

[Straw Man]

The Dow recorded its biggest one-day point gain since 2008 on Monday, as reports of trade talks between the U.S. and China reduced fears of a possible trade war.

The Dow Jones Industrial Average climbed 669.40 points, or 2.84%, to 24,202.60 at the close. The Nasdaq Composite rose 227.88, or 3.26%, to 7,220.54, while the S&P 500 Index gained 70.29, or 2.72%, to 2,658.55.

The rally followed the worst week for equities in more than two years, driven in part by investors’ concerns about U.S. tariffs targeting China. President Donald Trump announced on Thursday that he approved of a plan to impose tariffs on about $50 billion in Chinese imports. China responded by saying it would pursue reciprocal tariffs, targeting $3 billion in U.S. goods such as steel, wine and pork.

But U.S. Treasury Secretary Steven Mnuchin told Fox News that he has spoken to Chinese officials, adding that he’s “hopeful” the two sides can reach an agreement on trade. Reports suggest that the U.S. is seeking greater access to Chinese markets as part of the negotiations.

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“Trade policy will remain in focus as investors watch to see if tensions escalate, with negative implications for the broader global economy, or whether tensions ease as counter parties maintain a constructive dialogue,” Ameriprise Chief Market Strategist David Joy said in a note to clients.

More from FOX Business
FTC investigating Facebook over privacy practices; shares slide Opens a New Window.
Microsoft will be worth $1T within year: Morgan Stanley Opens a New Window.
FedEx orders 20 Tesla fully electric tractor-trailers Opens a New Window.
The surge in stocks also came at the beginning of a holiday-shortened trading week. Markets will be closed at the end of the week for Good Friday.

Shares of Facebook ended the day higher, rising 0.4%, after suffering heavy losses last week. The company is under a microscope for its data privacy policies.

Microsoft rallied 7.6% in reaction to a report from Morgan Stanley, whose analysts raised their price target for the company’s shares and predicted that Microsoft would hit $1 trillion in market value over the next 12 months Opens a New Window. .

General Electric was the lone member of the Dow with red ink on Monday. Shares fell 1.4%, slipping to their lowest level since 2009.

West Texas Intermediate oil dropped 33 cents to $65.55 a barrel.

The yield on the benchmark 10-year Treasury note rose to 2.845% from 2.826%.

LOL  - is this supposed to be impressive

The biggest one day drop happened this year too

Remember that? - hell it only happened last month

Also, how much did the Dow lose last week

[polychronopolous]

LOL  - is this supposed to be impressive

The biggest one day drop happened this year too

Remember that? - hell it only happened last month

Also, how much did the Dow lose last week

Yeah and I've been telling all my followers on here to buy on the dips as well.

Dollar cost averaging.

Timely principled investment strategies.

I can easily pull up my posts from 2 Novembers ago saying to back up the truck once the results came in and Trump was named Interim President.

And I've said it from day one..Strawman I love your presence on this board.

Tenacity and fighting spirit is top notch but your downfall is your pridefulness.

How many 10s or 100s of thousands lost by not simply listening to my advices?

[Straw Man]

Yeah and I've been telling all my followers on here to buy on the dips as well.

Dollar cost averaging.

Timely principled investment strategies.

I can easily pull up my posts from 2 Novembers ago saying to back up the truck once the results came in and Trump was named Interim President.

And I've said it from day one..Strawman I love your presence on this board.

Tenacity and fighting spirit is top notch but your downfall is your pridefulness.

How many 10s or 100s of thousands lost by not simply listening to my advices?

LOL @ the irony of you lecturing about pridefulness

BTW - you got another great buying opportunity today

What stocks did you purchase?

[polychronopolous]

LOL @ the irony of you lecturing about pridefulness

BTW - you got another great buying opportunity today

What stocks did you purchase?

Taking some profits off the table for a planned motorcycle ride to Black Hills, South Dakota and then over to Eastern Washington.

I don't pass my time playing with dolls like yourself.

[Straw Man]

Taking some profits off the table for a planned motorcycle ride to Black Hills, South Dakota and then over to Eastern Washington.

I don't pass my time playing with dolls like yourself.

weird reference which means more than likely you're projecting (as Trumptards often do) and you do actually play with docs

Why didn't you buy the dip today

Did you buy the two huge "dips" last week?

[loco]

Yeah and I've been telling all my followers on here to buy on the dips as well.

Dollar cost averaging.

Timely principled investment strategies.

How about just buying weekly or biweekly into low cost, broad market index funds no matter what?  Doing this long term, seven to thirty years, you're very likely to come way ahead of anyone trying to time the stock market.  Set it, forget it, enjoy your retirement.

[polychronopolous]

How about just buying weekly or biweekly into low cost, broad market index funds no matter what?  Doing this long term, seven to thirty years, you're very likely to come way ahead of anyone trying to time the stock market.  Set it, forget it, enjoy your retirement.

Oh yeah that is what I have done for years but when I feel good about something I'll work a little harder or sacrifice a little more to add a little extra to the pot.

[chaos]

Taking some profits off the table for a planned motorcycle ride to Black Hills, South Dakota and then over to Eastern Washington.

I don't pass my time playing with dolls like yourself.

Sturgis? What are you riding?

[polychronopolous]

Sturgis? What are you riding?

The tentative plan is to take a 2.25 nonstop hour flight up to Rapid City with my uncle. Rent a couple bikes. Probably a Softail Heritage for me(not sure about him). Ride the Black Hills for a day. Then head over to meet up with an old high school friend of his who moved to Montana years ago and probably camp or stay at his place up in the mountains.

Then onto Eastern Washington to tour a bit. Then back. Should be able to see knock it out in a week and see quite a bit with 400 mile legs that won't kill us.

[chaos]

The tentative plan is to take a 2.25 nonstop hour flight up to Rapid City with my uncle. Rent a couple bikes. Probably a Softail Heritage for me(not sure about him). Ride the Black Hills for a day. Then head over to meet up with an old high school friend of his who moved to Montana years ago and probably camp or stay at his place up in the mountains.

Then onto Eastern Washington to tour a bit. Then back. Should be able to see knock it out in a week and see quite a bit with 400 mile legs that won't kill us.

400 miles is rough, but not insane. Should be a blast, I've never been.

[polychronopolous]

400 miles is rough, but not insane. Should be a blast, I've never been.

Yeah the longest legs will be all interstate with little traffic so it shouldn't be too big of an issue.

If it feels too much like work rather than fun we can always adjust.

[Coach is Back!]

LOL  - is this supposed to be impressive

The biggest one day drop happened this year too

Remember that? - hell it only happened last month

Also, how much did the Dow lose last week

And still up 30+% since Trumps election. You are dismissed

[polychronopolous]

Are you saying that Strawman is "grasping at straws", Coach?? 

[Irongrip400]

How about just buying weekly or biweekly into low cost, broad market index funds no matter what?  Doing this long term, seven to thirty years, you're very likely to come way ahead of anyone trying to time the stock market.  Set it, forget it, enjoy your retirement.

I put $550 weekly into my retirement fund. I used to do $400 but decided to just cut back on some things and squeeze more in. Whenever the market dips I get the call from my broker. I keep telling him to take me off the "don't kill yourself" call list. I'm nowhere near retirement and some dips here and there don't bother me. Frankly I'm expecting another one.

[loco]

Oh yeah that is what I have done for years but when I feel good about something I'll work a little harder or sacrifice a little more to add a little extra to the pot.

Good for you!

[Soul Crusher]

I put $550 weekly into my retirement fund. I used to do $400 but decided to just cut back on some things and squeeze more in. Whenever the market dips I get the call from my broker. I keep telling him to take me off the "don't kill yourself" call list. I'm nowhere near retirement and some dips here and there don't bother me. Frankly I'm expecting another one.

Yup - not happy w tarrifs - dumb dumb dumb 

[loco]

I put $550 weekly into my retirement fund. I used to do $400 but decided to just cut back on some things and squeeze more in. Whenever the market dips I get the call from my broker. I keep telling him to take me off the "don't kill yourself" call list. I'm nowhere near retirement and some dips here and there don't bother me. Frankly I'm expecting another one.

Good job!  You are doing "dollar cost averaging", as polychronopolous said above.  By doing this, you are buying fewer high/over priced shares when the stock market is high, and more low/under priced shares when the stock market is low.  That beats market timing every time, except for the extremely rare cases when experts gamblers get lucky.

Not to mention this method of set it and forget it gives you peace of mind even if the stock market drops 75%, unless it happens right around the time of your retirement.

[Soul Crusher]

Good job!  You are doing "dollar cost averaging", as polychronopolous said above.  By doing this, you are buying fewer high/over priced shares when the stock market is high, and more low/under priced shares when the stock market is low.  That beats playing the market every time, except for the extremely rare cases when experts gamblers get lucky.

Not to mention this method of set it and forget it gives you peace of mind even if the stock market drops 75%, unless it happens right around the time of your retirement.

Yup - i have the $$$ deducted from my account monthly - dollar cost averaging for me as well. 

[loco]

Yup - i have the $$$ deducted from my account monthly - dollar cost averaging for me as well. 

Good for you!

[Fuzzy Nuts]

and it will be obamas fault when the bubble bursts