Posted on 03/26/2020 1:54:54 PM PDT by yesthatjallen
In a sweeping three-day surge unequaled in nearly 90 years, stock markets recovered almost a fifth of their lost value.
On Thursday, the Dow Jones Industrial Average soared 1,351 points, or 6.4 percent, while the S&P 500 spiked 155 points, or 6.2 percent.
The Dow's three-day gains were the largest since 1931, and the S&P's were the largest since 1933, raising markets from three-year lows.
The upswing came despite data showing a record-shattering spike in initial unemployment claims, which reached nearly 3.3 million in the third week of March, roughly five times the previous record.
Instead, markets focused on the Senate's passage of a $2.2 trillion economic recovery package, which the Senate approved unanimously late Wednesday night and the House was expected to pass Friday.
SNIP
(Excerpt) Read more at thehill.com ...
Yup, 1931 and 1933 were great times to buy stocks. Just saying...
Plunging in with $500.
wow....20%...a whole 20%..
“You pay yer money, you takes yer chances.”
Truth.
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