Thread: DOW JONES UP 545 POINTS TODAY!

Market Summary > Dow Jones Industrial Average
INDEXDJX: .DJI

26,180.30 +545.29 (2.13%)
Nov 7, 5:28 PM EST · Disclaimer

https://www.google.com/search?q=dow+...nt=firefox-b-1

Wow! I don't know if they're happy Dems took over the House or relieved and happy Republicans will still control the Senate and will block all their nonsense. I'm thinking the latter and happy Republicans still control the Senate and actually increased our margin.

The stock market lost nearly $2 trillion in October. Here's what happened

• U.S. markets lost nearly $2 trillion in October.
• The biggest technology stocks — most well-known as FANG — were among the hardest hit this month.
• October was the worst month for the S&P 500 since September 2011.

Michael Sheetz | @thesheetztweetz
Published 2:07 PM ET Wed, 31 Oct 2018 Updated 5:09 PM ET Wed, 31 Oct 2018CNBC.com


Markets will move higher, but not back to all-time highs, says pro
3:51 PM ET Wed, 31 Oct 2018 | 04:25


October was a rough ride for U.S. stocks, which despite regaining a portion of the month's losses Wednesday ended as one of the worst months since the financial crisis.

The S&P 500 lost $1.91 trillion in October, according to S&P Dow Jones Indices analyst Howard Silverblatt. Losses were spread widely across industry sectors. October was the worst month for the S&P 500 since September 2011.

"October volatility is legendary, and we're not just talking about the crash in 2008," Silverblatt told CNBC. "October is a much more volatile month than any of the others as far as quick declines go."

The month kicked off on a rocky note for stocks when Federal Reserve Chairman Jerome Powell said the central bank is "a long way" from neutral interest rates. Powell said the Fed does not need the policies put in place that pulled the economy out of the last financial crisis. He declared that "we don't need" the "really extremely accommodative low interest rates" the central bank put in place a decade ago. The Fed is likely to raise the federal funds rate to 3.4 percent before pausing, according to the most recent projections.

Big technology stocks — most well-known as FANG: Facebook, Amazon, Netflix and Google parent Alphabet — were among the hardest hit. Amazon ended the month down 20.2 percent, and Netflix ended down 19.3 percent. Investors fled both after earnings reports. Facebook and Alphabet finished October down 7.7 percent and 9.7 percent, respectively.


FANG shed about $300 billion in market cap since Sept. 20



The S&P 500 lost 6.9 percent in October, its biggest one-month slide since September 2011, when it fell 7.2 percent.

The S&P 500 slipped past two closely watched levels on Oct. 26. The index fell below its 200-day moving average and dropped more than 10 percent from its intraday high hit on Sept. 21, a correction as defined on Wall Street. The 200-day moving average is one of the most popular technical indicators used by investors. October is set to be the fourth month this year that the S&P 500 bottomed at that key level.

The Dow Jones Industrial Average closed down 13 days in October. Both the Dow and S&P 500 are slightly positive year-to-date.


The third-quarter earnings season was also on track to have been the worst for stocks since 2011, according to Bespoke Investment Group on Oct. 23. Roughly three-quarters of stocks had suffered a one-day decline on their earnings results this season, Bespoke found. The poor stock reactions were despite this third quarter being much better than last year's earnings season, with nearly 8 in 10 companies reporting better-than-expected earnings.

Dow components such as Caterpillar, 3M and DowDuPont were especially battered following earnings reports. Company leaders commented on increased costs from global risks such as rising interest rates, a strengthening dollar and the trade war with China.
"While this is a significant pullback, some of it does appear to be reallocation and money is sitting on the sidelines," Silverblatt said.

"That should gives us a stronger base. Earnings were good but perception is everything: We expected a lot more."

The dollar index, which measures the strength of the U.S. dollar against a basket of currencies, rose 2 percent in October.

Semiconductors were one of the hardest hit sectors in the stock market. The VanEck Vectors Semiconductor ETF fell 12.2 percent, its worst month since 2008. Shares of Nvidia, Advanced Micro Devices, Micron and Applied Materials are all down double-digits for October as shares sold off following the companies' earnings reports this month. Those chip giants are also all in what some traders consider 'bear market' territory, down more than 20 percent from their recent highs.

AMD has had a particularly rough month — that stock was far and away the best performing stock in the S&P 500 at the end of September. But shares have plunged 41 percent in October, its worst monthly performance since 1992.

https://www.cnbc.com/2018/10/31/the-...n-october.html

LOL!! Nervous Nellies on Wall Street in October, can't decide between 3% safe money in bonds or company stocks in companies wailing about protected trade and jobs for American Workers, THEN you have the mid-terms. Well, they made a fortune from protected trade and good jobs for American Workers and Trump kept the Senate which means they won't be losing their tax cuts when Dems take over the House. Relax, work, make money and enjoy the Holidays!! All is well in Trump Land.

A family member called to tell me about his friend who worked at a restaurant and decided to apply for a new job in manufacturing, and because he had experience in auto body work that involved painting cars, that experience got him a new job at $15 an hour plus nice benefits and 40 plus hours a week painting metal steel parts for the company and he's keeping his restaurant job at the same time. My family member said his friend is so excited and happy he can't get over it, because he's gone from struggling to keep a rented room to sleep in to soon being able to afford a nice apartment and a new car. These are young people. My family member called to tell me about it because he's heard me rant his whole life about the importance of manufacturing jobs in the US and my deep concern about the loss of all these jobs due to bad free trade deals.

This is happening all over the country by the millions as Trump's policies and time march on. Trump is almost single-handedly creating jobs that are changing people's lives for the better in so many ways and re-educating America about the benefits of a production-based economy which is essential to the United States. We can't survive without it, and Trump is one of those extraordinary people who understands this.

Trump is the President who saved the United States from its own ignorance. Lots more to do but we're well on our way to fixing our country.

As to fixing our immigration system, you can't fix the immigration problems without electing Republicans to Congress. Tuesday's loss by Republicans in the US House of Representatives shows there's still a lot of people out there who don't understand that simple fact.

SAD!!

Election results 2018 and the stock market: Wall Street likes Democratic win


Vox · 1 day ago

The stock market seems just fine with Democrats in charge of the House


Apparently House Speaker Nancy Pelosi does’t sound bad to Wall Street.

By Emily Stewart Nov 7, 2018, 11:41am EST


House Minority Leader Nancy Pelosi speaks at an election watch party in Washington, DC, on November 6, 2018. Zach Gibson/Getty Images

The stock market was pleased with President Donald Trump and the Republican Party’s sweeping victors in 2016. It’s also just fine with the results of the 2018 midterm elections, including Democrats taking back the House of Representatives.

US stocks rallied on Wednesday in the wake of the 2018 midterm elections that saw Democrats gain the majority in the House while Republicans maintained control of the Senate.

The Dow Jones Industrial Average climbed by about 250 points early in the day, or about a 1 percent increase. The S&P 500 and Nasdaq also moved higher by more than 1 percent each.

Stocks have been rallying in recent days after a tumultuous month. October was a rough one on Wall Street, and there was some speculation that investor concerns about the midterms could have something to do with it. (Issues such as trade, earnings, economic growth, and the Federal Reserve likely mattered more.) The stock market historically doesn’t like uncertainty, so not knowing how the 2018 elections were going to turn out rendered some investors a bit wobbly.

But per Wednesday’s market reaction, everything is just fine, and Wall Street is content with the idea of a power divide in Washington.
“Markets typically do well when you have a split Congress,” Todd Jablonski, chief investment officer at Principal Portfolio Strategies, told the Wall Street Journal. “Investors feel comfortable with that; it gives a sense of stability and a sense that change won’t happen too quickly.”

Markets have often been shaky ahead of midterms, but historically, they’ve tended to bounce back. Sam Stovall, the chief investment strategist at the investment research firm CFRA Research, told me recently that in the past 18 midterm election contests, the S&P 500 rose nearly 17 percent from October 31 of the election year to the same date the following year.

To be sure, past performance is not indicative of future results.
Ahead of the midterms, Trump tweeted that people voting for Democrats would lead stocks to go down. That hasn’t been the case, though Tuesday wasn’t a resounding victory for Democrats, either.

Donald J. Trump

✔@realDonaldTrump

The Stock Market is up massively since the Election, but is now taking a little pause - people want to see what happens with the Midterms. If you want your Stocks to go down, I strongly suggest voting Democrat. They like the Venezuela financial model, High Taxes & Open Borders!

4:33 AM - Oct 30, 2018

• 
  113K
• 
  56.3K people are talking about this

https://www.vox.com/policy-and-polit...arket-reaction

Some people here seem fine with it, too.