The Trump Effect: Dow rallies 1,000 points, its biggest single-day point gain ever

[TalkRadio1]

Stocks posted their best day in nearly a decade on Wednesday, with the Dow Jones Industrial Average notching its largest one-day point gain in history. Rallies in retail and energy shares led the gains, as Wall Street recovered the steep losses suffered in the previous session.

The 30-stock Dow closed 1,086.25 points higher, or 4.98 percent, at 22,878.45. Wednesday's gain also marked the biggest upside move on a percentage basis since March 23, 2009, when it rose 5.8 percentage points.

The S&P 500 also catapulted 4.96 percent — its best day since March 2009 — to 2,467.70 as the consumer discretionary, energy and tech sectors all climbed more than 6 percent. The Nasdaq Composite also had its best day since March 23, 2009, surging 5.84 percent to 6,554.36.

Wednesday also marked the biggest post-Christmas rally for U.S. stocks ever.

https://www.cnbc.com/2018/12/26/us-futures-following-christmas-eve-plunge.html

 

[jp55665566]

wow. winning!

 

[phrodeau]

The DJIA is now at the same level it was at last week Friday's opening, and October 2017.

 

[KeithD]

The DJIA is now at the same level it was at last week Friday's opening, and October 2017.

Yeah, I rather suspected that this was a recovery from all of the Trump administration scary miscues in the last week and not any sort of surge ahead in the market.

Maybe the actual surge ahead comes tomorrow? Or maybe we'll get more stupid pronouncements and actions from the Trump administration to send the market into a spin again.

 

[about_average]

Interesting article.
https://www.marketwatch.com/story/t...market-rebound-was-a-suckers-rally-2018-12-27

 

[Adre]

Of course Miles didn’t note the Trump effect during the 4000 point plunge.

 

[TalkRadio1]

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[oralaccents]

Wildly fluctuating markets historically signaled impending doom.

Now they may simply be the result of faster order processing, nanosecond global market updates fed by real time world condition data right down to a school shooting in progress, and computer driven buy/sell algo's.

Or they might be simply signaling impending doom. Again.