Dow Soars Above 32000 to Close at Record

[Yo_Mama_Been_Loggin]

The Dow Jones Industrial Average climbed more than 450 points to a record close Wednesday after fresh inflation data showed a muted increase and eased fears of a rapid rise in interest rates.

The blue-chip index jumped 464.28 points, or 1.5%, to 32297.02, marking its 11th record of 2021 and first close above 32000.

The S&P 500 gained 23.37 points, or 0.6%, to 3898.81. The Nasdaq Composite, meanwhile, lost 4.99 points, or less than 0.1%, to 13068.83, after rising more than 1.5% in morning trading on the back of Tuesday’s strong rally.

The gains for staid Dow stocks and losses for momentum-driven tech stocks are becoming a familiar pattern. Markets have seesawed in the past few weeks as investors have watched yields on U.S. government debt surge amid expectations of both higher inflation and an economic recovery.

https://www.msn.com/en-us/money/markets/dow-soars-above-32000-to-close-at-record/ar-BB1erbNi?li=BBnb7Kz

[Atticus]

1. No---no---this can't be right. We were assured that the market would disintegrate if Joe

was elected.

Could it be that he who shall not be named just pulled that prediction out of his anal orifice?

[malaise]

2. Didn't the loser say the stock market would crash if Biden won?

Another lie exposed
https://www.nbcnews.com/video/trump-if-biden-is-elected-the-stock-market-will-crash-94451269581

[underpants]

3. The markets like the stimulus too

Lots of spending money. Project time for a lot of the middle class and that means contractors back in full swing.

[PoindexterOglethorpe]

4. A couple of days ago when the Dow closed a couple of hundred points

people here were gleefully predicting an imminent crash.

[Comfortably_Numb]

5. And yet President Biden didn't toot his own horn. Humility becomes him.