Business
Wall Street jumps as Trump tweets on stimulus keep market spinning – Sydney Morning Herald
Stocks have surged on Wall Street after President Donald Trump appeared to backtrack on his decision to halt talks on another rescue effort for the economy.
What weve seen over the last 24 hours is just confirmation that the market is really addicted to stimulus from the government,” said Sal Bruno, chief investment officer at IndexIQ. “When it thinks its not getting it, it sells off, and when it looks like theres a possibility for that it rises, as weve seen today.
The Nasdaq composite climbed 210 points, or 1.9 per cent, to 11,364.60, despite a call by Democratic lawmakers for Congress to rein in the Big Tech companies that dominate it and other …
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