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It came down, 13. 3 . The government says the resumption of Economic Activity at the end of may led to an increase, repeat, an increase of 2. 5 million new jobs. It was supposed to be a loss of eight million. Clearly a lot of people were recalled to work and went back to work. Now, to say this is a surprise is the understatement of the century. I will say this. The recovery is obviousily a lo stronger and faster than anyone thought. Back to the numbers. Dow industrials going to be up over 600 points, about 2. 5 . The s p will be up 1. 6 , 50 points to the upside. Even the nasdaq has dragged out a small gain now. A little pressure on the techs earlier but they turned around. Lot of green on the nasdaq. Its up 29 points. At the opening bell today, the dow will be roughly 8,000 points above where it was on march 23rd. Its the most explosive rally in history. And just tweet, this is a tweet just in from the president , he says he w ....
Prone to gaffes. In congress, no agreement on how to respond to the virus. The latest proposals, a payroll tax holiday for the rest of the year. In other words, your Social Security contribution, suspended. Another one, extend the april 15th tax deadline. However, congress had better get on with it. A oneweek recess starts friday. The market, not happy with any of this. Stocks will be down at the opening bell. You kind of get seasick watching it all. Down 2,000 monday, up 1100 tuesday, this morning we will open about 800 points to the downside. Similar losses for the s p and nasdaq. The virus, there are now just over 1,000 cases in the United States. Draconian action in new rochelle, new york, where the National Guard has been called out to help with a cluster of cases in that town. Seattle has restrictions on large gath ....