XCR1250 Posted February 26, 2020 Share Posted February 26, 2020 Finance Wall Street bounces after virus-driven selloff By Medha Singh , Reuters•February 26, 2020 2 Comments A trader works on the floor of the New York Stock Exchange shortly after the closing bell as the market takes a significant dip in New York More By Medha Singh (Reuters) - U.S. stocks attempted a recovery on Wednesday after a rocky start to the week that shaved off more than 6% from the main indexes on growth concerns stemming from a global spread of the coronavirus. Marquee companies including Apple Inc, Microsoft Corp and Amazon.com were some of the biggest boosts to the S&P 500, rising between 1.6% and 3%. Ten of the 11 major S&P sectors were in the black, with technology leading the charge with a 2.4% gain. The energy sector dipped 0.2%. "There has been pressure on some high quality names, particularly in sectors that might be hit the hardest by the wider spread of coronoavirus," Charlie Ripley, senior investment strategist, adding that investors are looking for some bargains. Still, caution prevailed as the U.S. Centers for Disease Control and Prevention urged Americans to prepare for the virus to spread in the United States. President Donald Trump said he would hold a news conference on the coronavirus at 6 p.m. ET (2300 GMT). The extent of economic hit remained unclear as the virus spread further in South Korea and Italy, while Greece and Brazil reported their first cases of the virus on Wednesday. "There could certainly be more volatility in store and markets could again test their selloff low," Rick Swope, vice president of investor education at E*TRADE Financial Corp. The main indexes have declined in the past four sessions and the Dow has lost more than 1,900 points in the last two days. The S&P 500, which fell 7.8% from its all-time high, had lost about $1.74 trillion in market capitalization in the last two sessions, according to S&P Dow Jones Indices senior analyst Howard Silverblatt. At 11:40 a.m. ET, the Dow Jones Industrial Average was up 404.82 points, or 1.49%, at 27,486.18 and the S&P 500 was up 47.29 points, or 1.51%, at 3,175.50. The Nasdaq Composite was up 166.56 points, or 1.86%, at 9,132.18. Among stocks, TJX Cos Inc jumped 8.3% as the offprice retailer beat quarterly same-store sales estimates. Walt Disney Co slipped 0.9% on news that Robert Iger will step down as chief executive officer, handing the reins to Disney Parks head Bob Chapek. Beyond Meat Inc rose 6.2% as Starbucks Corp said its Canadian stores would start selling its plant-based breakfast sandwich next week. Advancing issues outnumbered decliners by a 2.38-to-1 ratio on the NYSE and by a 2.25-to-1 ratio on the Nasdaq. The S&P index recorded two new 52-week highs and 18 new lows, while the Nasdaq recorded 17 new highs and 98 new lows. Quote Link to comment Share on other sites More sharing options...
f7ben Posted February 26, 2020 Share Posted February 26, 2020 They finished down what kind of bounce was that a dead cat bounces higher Quote Link to comment Share on other sites More sharing options...
Anler Posted February 26, 2020 Share Posted February 26, 2020 Quote Link to comment Share on other sites More sharing options...
Snake Posted February 26, 2020 Share Posted February 26, 2020 Benny tries so hard. Quote Link to comment Share on other sites More sharing options...
f7ben Posted February 26, 2020 Share Posted February 26, 2020 Just now, Snake said: Benny tries so hard. Market has made it easy for me this year Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted February 26, 2020 Share Posted February 26, 2020 12 minutes ago, Anler said: You still have Bitcoin? Quote Link to comment Share on other sites More sharing options...
Anler Posted February 26, 2020 Share Posted February 26, 2020 Just now, ArcticCrusher said: You still have Bitcoin? Yes Quote Link to comment Share on other sites More sharing options...
washedupmxer Posted February 26, 2020 Share Posted February 26, 2020 2 Quote Link to comment Share on other sites More sharing options...
Carlos Danger Posted February 26, 2020 Share Posted February 26, 2020 2 minutes ago, washedupmxer said: I was hoping that this thread would be about boobs and not the stock market. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted February 26, 2020 Platinum Contributing Member Share Posted February 26, 2020 35 minutes ago, Carlos Danger said: I was hoping that this thread would be about boobs and not the stock market. x2 Quote Link to comment Share on other sites More sharing options...
Anler Posted February 26, 2020 Share Posted February 26, 2020 1 hour ago, washedupmxer said: I like her Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted February 27, 2020 Share Posted February 27, 2020 4 hours ago, Anler said: I like her Pretty sure she knows. Quote Link to comment Share on other sites More sharing options...
s pump Posted February 27, 2020 Share Posted February 27, 2020 We were at a bar in Jacktown a couple weeks ago. This homely girl kept walking by but she had a pretty prodigious set on her. After about the 15th time she walked by, my buddy says to her, "you're making me tired". Without missing a beat she says, "it's the tits" and keeps walking. Quote Link to comment Share on other sites More sharing options...
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