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S&P turns negative in volatile trade

Published 06/12/2020, 07:03 AM
Updated 06/12/2020, 02:12 PM
© Reuters. Traders exit the 11 Wall St. door of the NYSE in New York

(Reuters) - The S&P 500 slipped into negative territory in volatile trading on Friday, as it flirted with a key long-term technical indicator, a day after a punishing session for Wall Street on fears of a resurgence in coronavirus infections and economic worries.

© Reuters. Traders exit the 11 Wall St. door of the NYSE in New York

At 1:48 p.m. ET, the Dow Jones Industrial Average was down 3.79 points, or 0.02%, at 25,124.38, the S&P 500 was down 9.69 points, or 0.32%, at 2,992.41. The Nasdaq Composite was down 46.24 points, or 0.49%, at 9,446.49.

Latest comments

Buy close sell open actually still worked very well. Fed's shift hasn't been rotated.
Dow 20000 on cards
someday this month
Dow-tful
retail investors chasing the market getting crushed. buying first thing in the morning and then selling at the bottom later on. you can't just chase the market. you will be food for the big fish
Yes, especially with this mostly very naive bunch on investing.com.
hahaha. True!
When they have that much money , sure they can do what they want and yes markets are crazy this days.
666666
the beginning of the market crash
Fed won't let that happen again
I am truly sorry for those who bought anything at the opening Today.
Dead cat bounce, and we are going south Monday.
doubt it. this is the market pricing in some states opening a little later, perfectly health correction after a 40% gain
oh now look, up 750 and a few minutes later we drop to 250. not looking good again!
Slow and steady downtrend all day yesterday. How can that be panic? Slow and steady panic?
fed was fighting it all day
Ty I wondered why it seemed so under control
The big dogs wanted more meat. Had to get the price back down.
next week will be all red , it's obvious
SEC/FBi should start the investigation (fake news yesterday) towards those trying to take advantage with covid-19 . Arrest "the Pisanis of the world" (Jim Cramer word for not fair play) and let them pay
this people are literally *******the retail investor.
...and overnight all fears disappear...except the situation hasn't changed or is even worse. Stop fooling 'investors', stock fluctuations are controlled by a handful of investment companies making huge profits...
morning bounce then the selloff continues.
The markets are rallying today because all polls point to a strong Biden victory in November. The markets were off yesterday because Dr Donny had breakfast without choking on his Apple Jacks.
Do you think about the President of the United States much?
Hold up... you think the market would prefer Biden over Trump? Regardless of our personal opinions about him, the market undoubtly prefers a Trump victory.
100% agree with that post
Dow will cross 26000 today
Dow will score a 800 to 1000 point rally today at rod
I hope you guys bought the dip. This is OUTSTANDING.
Rich people moves the market
The Fed ,money managers, 401k's and algorithms move the markets.
yesterday is a joke . ??
how was it a joke. the market opened 3 percent higher and went negative by middle of day then end of day jumped 1 percent. hardly bullish. when 170 million shares on spy where sold is hard to see that as anything but a joke
What happened to the second wave fears just a day ago?
Fake news!
it is what Jim Cramer call "the pisanis of the world" . google for " Cramer reveals dirty tricks short sellers" . SEC/FBI should investige and arrest those who want to hurt the country...not a fair way to play the game btw
How long before AMZN at 3000? September?
July?
"The S&P 500 closed about 6% lower on Thursday as nerves over a rising number of new infections in several U.S. states ... " COMPLETE AND TOTAL FAKE NEWS. Too bad people don't THINK for themselves. Is virus gone from the earth?  NO. THEREFORE -  Every NEW case causes a "rising number of infections."
Fears of Fake News "breakouts" are gone? Investors realized that Arizona hospitalizations are DOWN, not UP? Investors went to the Arizona Health Dept website to get facts, not fake news? https://www.azdhs.gov/preparedness/epidemiology-disease-control/infectious-disease-epidemiology/covid-19/dashboards/index.php
here we go again with bears calling this a "dead cat bounce". Some people never learn
100%
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