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Wall Street surges in third straight day of gains

Stock MarketsMar 26, 2020 04:15PM ET
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© Reuters. Traders work on the floor of the NYSE in New York

NEW YORK (Reuters) - Wall Street rallied for a third straight session on Thursday as record weekly jobless claims came in below investors' worst fears and investors focused on an unprecedented $2 trillion stimulus awaiting approval by the U.S. House of Representatives.

The Dow Jones Industrial Average (DJI) rose 1,351.62 points, or 6.38%, to 22,552.17, the S&P 500 (SPX) gained 154.51 points, or 6.24%, to 2,630.07 and the Nasdaq Composite (IXIC) added 413.24 points, or 5.6%, to 7,797.54.

Wall Street surges in third straight day of gains
 

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Comments (34)
jemin An
jemin An Mar 27, 2020 12:10AM ET
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This is great chance for Russia or China to totally collapse US economy, get global leadership. Force to US to stock same amount of GOLD as the same of dollar that printing unlimitedly. U.S SHOULD STOP QUANTITY EASE OR NATIONAL BANKRUPT. What are you waiting for Russia, China?
Kwong To
Kwong To Mar 26, 2020 10:58PM ET
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USA is broke...
Oluwaseun Oluwaranti
Oluwaseun Oluwaranti Mar 26, 2020 7:59PM ET
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I'll just wait down here to catch stuffs when they start falling! Productivity and employment down and stocks going up...It's voodoo economics.
Michael Redden
Michael Redden Mar 26, 2020 6:57PM ET
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you guys keep shorting while i make 30% daily.
Michael Redden
Michael Redden Mar 26, 2020 6:55PM ET
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2 out of 3 of all my friends filed for unemployment. They are still employed lol thats numbers are way off. In 2 weeks, that unemployment # will be only 1mil. Those numbers are so far off its incredible that people believe this data
Al Vlaj
alvlaj Mar 26, 2020 6:55PM ET
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Sounds like 2 out of 3 of all of your friends are freeloaders that should be voting for a Socialist.
Harry Matsimela
Harry Matsimela Mar 26, 2020 6:19PM ET
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I am going short at 8000
Ben Dover
Ben Dover Mar 26, 2020 5:13PM ET
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Nothing of value was learned from 2008. Let the bubble begin once again.
Rick Lai
Rick Lai Mar 26, 2020 4:37PM ET
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PMI down, stock market up.Break record high jobless claims, stock market up. Next will be new coronavirus cases more than China, stock market up, I am pretty sure.
Edward Chong
Edward Chong Mar 26, 2020 4:37PM ET
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juz follow the trend. dont think too much.
Kwong To
Kwong To Mar 26, 2020 4:37PM ET
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The trend is your friend.
Pro Quincy
Pro Quincy Mar 26, 2020 1:11PM ET
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I never thought I would see 3.2million new unemployed and skyrocketing stock market in the same headline. Something is wrong, I think we going to have a major trouble with stock market which is irrational.
Midway Eholdings
Midway Eholdings Mar 26, 2020 12:44PM ET
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You are all being taken for a ride. Hospitals are empty. This is a flu like any other.
Show previous replies (1)
Vitticus Rising
Vitticus Rising Mar 26, 2020 12:44PM ET
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uh..... my hospitals are overrun ...
Patricia Van Roosbroeck
Patricia Van Roosbroeck Mar 26, 2020 12:44PM ET
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trumpet jr   wait.... US sick people increases with 10.000 a day, in one week you will have 1000 dead a day... or do you think that the drama in Italy and Spain is a Spielberg Movie ? 🙄
Dawid Kowalski
Dawid Kowalski Mar 26, 2020 12:44PM ET
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Yes
Tahir Kizir
Tahir Kizir Mar 26, 2020 12:44PM ET
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2 Trillian US Dollar Flu
Jared L Brunson
Jared L Brunson Mar 26, 2020 12:44PM ET
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Midway, I hope for your sake you are being sarcastic. This isn't 1800. We literally have video evidence of what's going on (try google) so you can't just claim it's untrue.
Thom Miller
Thom Miller Mar 26, 2020 12:25PM ET
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Early on your “great president” told the American people and the world the coronavirus was nothing but a hoax, and it cost everyone valuable time to lessen the number of infections at a cost of at least $2.2T. This will not help Trump’s record-high deficit, which he said during his camoaign was already too high! Sad.
Pc Kc
Pc Kc Mar 26, 2020 12:18PM ET
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Every free enterprise relying on the govt. Greedy funds buying everything up on bail out. When did US if A become a communist country where everyone gets feed and clothe by the govt. Why bother with free enterprise and stock markets.
Mr Hans
Mr Hans Mar 26, 2020 12:16PM ET
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when all this is over and done - the US debt/GDP will be 150+ (both because GDP falls, and debt skyrockets) Equal with the one of Greece
trumpet jr
trumpet jr Mar 26, 2020 12:13PM ET
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shorting the market is not patriotic! the virus is just a flu even less severe!
Jared L Brunson
Jared L Brunson Mar 26, 2020 12:13PM ET
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your comments give me headaches
Rich Del
Rich Del Mar 26, 2020 12:10PM ET
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Follow the money for gains as logic in this market no longer makes sense
Pro Quincy
Pro Quincy Mar 26, 2020 12:06PM ET
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we have no jobs and you are buying companies which generates zero revenue what are you buying now? it's time to buy gold or hold cash  this is not the time to invest
Pro Quincy
Pro Quincy Mar 26, 2020 12:04PM ET
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Jobless claims soar past 3 million to record high, that’s an increase of 2,647,034, or 1,052.9%, from the previous week. People have no jobs to make payements and firms generate ZERO revenue. You are investing into stock of firms which generate no revenue?!?!? Are we out of our mind?!?!?! Is there any clear sign that we are recovering from COVID19 virus??? Do not buy stock yet, the worst even has not come yet!!!
Damian Ciceri
Damian Ciceri Mar 26, 2020 11:43AM ET
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for the ignorance of some comments here who doesn't see what's really happening. markets are up because the FED are a criminal enterprise that control everything financial in this country. FED pumping billions into the stock market to avoid total collapse. based on unemployment claims, people not working or producing and companies on the verge of bankruptcy waiting for bailout $$. these markets are fluctuating based on fear and emotion right now and not strong fundamentals. more sell offs coming
James Holmgren
James Holmgren Mar 26, 2020 11:43AM ET
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No amount of money will stop COVID 19.
Greg Nathan
Greg Nathan Mar 26, 2020 11:41AM ET
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The stimulus was defined as "open-ended" early on - so what ever it takes...
Ty Darapiza
Ty Darapiza Mar 26, 2020 11:41AM ET
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So basically, the stock market can only go up not with sound investments and business practices, but with the promise of Government intervention and free money.  Got it.
Al Vlaj
alvlaj Mar 26, 2020 11:41AM ET
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Yep. Until we get hyperinflation like Venezuela as a result.
Midway Eholdings
Midway Eholdings Mar 26, 2020 11:34AM ET
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Stimulus is long priced in. More ****reporting the market is rallying because the virus is done. Im making a ton stop shorting.
Michael Redden
Michael Redden Mar 26, 2020 11:34AM ET
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im laughing at the people shorting too. this is a once in a lifetime opportunity
Oliver Brecht
Oliver Brecht Mar 26, 2020 11:34AM ET
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so, let's hope for even more job cuts so that se get more stimulus .... ans so on ....
pimpin pips
pimpin pips Mar 26, 2020 11:25AM ET
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I guess at least it devalues our dollar but i would think when we go 1 year later and try to calculate valuations.....Houston we have a problem
Rodolfo Jara Muñoz
Rodolfo Jara Muñoz Mar 26, 2020 11:25AM ET
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the entire planet is in dollar, don´t worry, the dollar is going to keep strong until the production restart in the emerging market to get out of the dollar.
pimpin pips
pimpin pips Mar 26, 2020 11:23AM ET
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I cant understand this like then ad news is good because mmore stimulus that will feed families not be pumped into stocks might come cause if it
trumpet jr
trumpet jr Mar 26, 2020 11:20AM ET
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this is a new bull market! thanks to Mr President!
pimpin pips
pimpin pips Mar 26, 2020 11:20AM ET
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ya trumps really done it all to hands down for the guy I hated to see elected and now support fully. but this is going to cause this next week to make allot of margin calls unortutunitley.
James Holmgren
James Holmgren Mar 26, 2020 11:20AM ET
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Are you smarter than a shoeshine boy? The late Joe Kennedy sold short and President Hoover sold all his stock when the market peeked peaked before the great crash of '29'.All on the advice of Joe's Shoeshine boy.
 
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