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Heres the markets performance this thursday morning. Not paying much attention to those jobless numbers. We are going to be down pretty much across the board. The dow industrials on the down side to the tune of 200. The s p down about 20. The nasdaq, not much of a loss there, down 12 points. Now, ive got some negatives to lay out for you. This may be a negative. Several states report big spikes in virus cases following their reopening. Its the second wave worry. Number two, medical authorities in beijing say the new outbreak has been controlled, their words, but virus statements out of china dont have much credibility with investors. Heres another one. This is not helping. The European Union will go ahead with its plan to tax big American Technology companies. The u. S. Has withdrawn from those talks. This too might be hurting investor sentiment. John boltons book, very ....
Donors he would get rid of most of trumps tax cuts. That wouldnt be good for stock prices or your 401 k . Right now we see the dow losing maybe 90 points at the opening bell, 25,400. The s p will be down and the nasdaq is off about 20 points. No serious selloff at this point. But we do have dramatic stories breaking this morning. Overnight, a young black man, 16 years old, shot and killed in the seattle chop zone. Its the fourth shooting there in nine days. Democrat mayor durkin said the zone would be removed. It is still there. In new york city, the city votes on taking a billion dollars out of the budget the police budgets. Mayor deblasio calls it real redistribution. This follows a devastating blow, the citys 15 billion theater industry will stay closed until next year. The democrats trash the president and mt. Rushmore. A tweet from the dnc says the president will be quote, glorifying White Supremacy when he attends a firewor ....
Which prevent michiganders crossing the street to visit family members. No relaxation of the social distancing rules from President Trump. Hes considering extending the keep your distance regulations into the early summer. Then theres this. Antibody tests that show far more people have been through covid19, three million in new york state, 20 of new york citys residents have had it. That means the fatality rate, the number of people who died from the virus, comes way, way down. Interesting. Quickly to the markets. Not Much Movement at the open today. Orders for durable goods in march down 14 , yeah, thats bad but it was expected. The dow is going to be up 193. I call that little movement. How the times change. We will be back to 23,500, big gain modest gain for the dow, nice gain for the s p and for the nasdaq as well. Look at oil, staying at low levels. We are looking at 17 ....
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