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Dow spikes 548 points as investors cheer fat corporate profits
CNN Business ^ | October 16, 2018 | Mart Egan

Posted on 10/16/2018 5:23:52 PM PDT by John W

New York (CNN Business)Corporate America is coming to Wall Street's rescue.

The Dow soared 548 points, or 2.2%, on Tuesday as investors cheered fat profits from major companies and relative calm in the bond market. The huge rally, the Dow's best day since March, helped the index recover a chunk of last week's hefty losses. Tech stocks, the biggest losers during the market turmoil, raced back to life. The Nasdaq spiked nearly 3%, while the S&P 500 advanced 2.2%. Investors piled back into tech darlings. Amazon, Facebook and Netflix closed sharply higher.

(Excerpt) Read more at cnn.com ...


TOPICS: Front Page News; News/Current Events
KEYWORDS: economy; maga; markets; trade
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1 posted on 10/16/2018 5:23:52 PM PDT by John W
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To: John W

The Left is deeply saddened ...


2 posted on 10/16/2018 5:25:04 PM PDT by BunnySlippers (I love Bull Markets!)
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To: John W

Solution: Audit the FED!


3 posted on 10/16/2018 5:26:10 PM PDT by vette6387
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To: John W
*TRUMP'S FAULT*

4 posted on 10/16/2018 5:28:28 PM PDT by Diana in Wisconsin ( "Why can't you be more like Lloyd Braun?")
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To: BunnySlippers

The leftist stockbrokers who panicked last week and said the sky was falling, are deeply saddened.


5 posted on 10/16/2018 5:28:28 PM PDT by EarlyBird (There's a whole lot of winning going on around here!)
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To: John W

.
The question is “Will there be investigations of the ‘Fed’s’ recent actions?”

They stink to high heaven.


6 posted on 10/16/2018 5:29:05 PM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: vette6387

.
A M E N !
.


7 posted on 10/16/2018 5:29:36 PM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: John W

There goes Putin, controlling the stock marketbagain


8 posted on 10/16/2018 5:32:04 PM PDT by bigbob (Trust Sessions. Trust the Plan.)
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To: EarlyBird

.
None of the brokers that I know are leftists.

They are taking orders from ‘above.’
.


9 posted on 10/16/2018 5:32:11 PM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: editor-surveyor

I surely do hope that a complete audit of the FED is on Trump’s To Do List!


10 posted on 10/16/2018 5:32:54 PM PDT by vette6387
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To: vette6387

.
He may need the entire USMC to provide his security!
.


11 posted on 10/16/2018 5:35:44 PM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: John W
Fat Corporate Profits

No bias here...

12 posted on 10/16/2018 5:36:09 PM PDT by dfwright (The heart of the wise inclines to the right, but the heart of the fool to the left (Eccl. 10:2, NIV))
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To: editor-surveyor

However it happens, they are all chicken littles.

I sure wish I could predict these rises and falls before they happen!


13 posted on 10/16/2018 5:37:57 PM PDT by EarlyBird (There's a whole lot of winning going on around here!)
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To: editor-surveyor

“He may need the entire USMC to provide his security!”

Yes, isn’t it disgusting to “wake up” to the reality that the Republicans have been just a micron lower than the RATs all these years and that the truth of the matter is that both Parties have been complicit in selling out our country pretty much since the end of WWII if not earlier.


14 posted on 10/16/2018 5:38:31 PM PDT by vette6387
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To: John W

Meanwhile, check out the little coincidence inside this good news below:

“The U.S. is back on top as the most competitive country in the world, regaining the No. 1 spot for the first time since 2008 in an index produced by the World Economic Forum...”


15 posted on 10/16/2018 5:44:00 PM PDT by SaxxonWoods (Stop The Madness. Do Not Respond To Vanity Posts.)
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To: John W

C’mon Soros, you’re not even trying! s/


16 posted on 10/16/2018 5:48:08 PM PDT by Huskrrrr
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To: EarlyBird

.
My neighbor across the street used to be a commodities broker for one of the largest houses. His Mother was a senior Veep. Neither of them is a “chicken little.”

In that business, one does not mess with what comes down from ‘above.’
.


17 posted on 10/16/2018 5:49:45 PM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: John W

They say “fat corporate profits” like it’s a bad thing.


18 posted on 10/16/2018 5:52:37 PM PDT by Not A Snowbird (I'm really starting to believe in term limits.)
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To: vette6387

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I am encouraged by the new alliance between Trump and McConnell/Graham.
.


19 posted on 10/16/2018 5:52:38 PM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: John W

The DJIA will be below 20,000 within a month; probably sooner.

Get out now.

Go cash, silver, gold, water, food, ammo.

If you do not, your money will be trapped as you watch your paper/electronic assets pour down the drain.


20 posted on 10/16/2018 5:52:41 PM PDT by TruthInThoughtWordAndDeed (Yahuah Yahusha)
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