Australian Politics Forum - Nasdaq All time HIGH !!!!

President Elect, The Mechanic

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Nasdaq All time HIGH !!!!
Jun 10^th, 2020 at 1:05pm

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Nasdaq hits 10,000 for the first time ever, fuelled by Apple, Amazon

The Nasdaq composite index briefly traded above 10,000 for the first time ever Tuesday before slightly paring some gains as tech stocks continue to rally as investors bet on their strength amid the economic reopening.

The tech-heavy index rose as much as 0.7% to an all-time intraday high of 10,002.50, a key level for the index. This year, the Nasdaq has led the major US indexes in recovering from the coronavirus-induced market meltdown – it was the first to erase losses year-to-date, and the first to surpass its February high.

A number of big tech companies hit all-time highs Tuesday, fuelling the Nasdaq’s record gains. Shares of Apple surged nearly 4% to a record high on reports that the company will use its own processors in its Mac computers. Amazon shares also gained nearly 3% Tuesday to an all-time high.

A slew of other big-name tech stocks also outperformed Tuesday.Facebook jumped nearly 3%, while Netflix rose 2.4%. Chipmaker Advanced Micro Devices surged 5.7%, and Nvidia gained nearly 3% at intraday highs.

The S&P 500 index and the Dow Jones industrial average both slumped on Tuesday, falling 1.2% and 1.5%, respectively, at intraday lows. On Monday, the S&P 500 also erased its 2020 losses.

The Nasdaq is up nearly 11% year-to-date.

No wonder Weak-End is nowhere to be seen... Grin

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Q

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Every Dog Has Its Day...
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Richdude

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Re: Nasdaq All time HIGH !!!!
Reply #1 - Jun 10^th, 2020 at 1:10pm

President Elect, The Mechanic wrote on Jun 10^th, 2020 at 1:05pm:

Quote:

Nasdaq hits 10,000 for the first time ever, fuelled by Apple, Amazon

The Nasdaq composite index briefly traded above 10,000 for the first time ever Tuesday before slightly paring some gains as tech stocks continue to rally as investors bet on their strength amid the economic reopening.

The tech-heavy index rose as much as 0.7% to an all-time intraday high of 10,002.50, a key level for the index. This year, the Nasdaq has led the major US indexes in recovering from the coronavirus-induced market meltdown – it was the first to erase losses year-to-date, and the first to surpass its February high.

A number of big tech companies hit all-time highs Tuesday, fuelling the Nasdaq’s record gains. Shares of Apple surged nearly 4% to a record high on reports that the company will use its own processors in its Mac computers. Amazon shares also gained nearly 3% Tuesday to an all-time high.

A slew of other big-name tech stocks also outperformed Tuesday.Facebook jumped nearly 3%, while Netflix rose 2.4%. Chipmaker Advanced Micro Devices surged 5.7%, and Nvidia gained nearly 3% at intraday highs.

The S&P 500 index and the Dow Jones industrial average both slumped on Tuesday, falling 1.2% and 1.5%, respectively, at intraday lows. On Monday, the S&P 500 also erased its 2020 losses.

The Nasdaq is up nearly 11% year-to-date.

No wonder Weak-End is nowhere to be seen... Grin

Yes! Good news for the good guys!

Maybe the Dead One morphed into Marla. Same abuse - different style - who knows?

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President Elect, The Mechanic Gold Member Offline Australian Politics Posts: 17501 Gender:	Re: Nasdaq All time HIGH !!!! Reply #2 - Jun 10^th, 2020 at 1:13pm Marla only brings out Long Weak-End when the stocks are down.... Disappears again when stocks are up.. Dow - 27,430.00 It’ll be over 30K by years end!!
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SadKangaroo

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Re: Nasdaq All time HIGH !!!!
Reply #3 - Jun 10^th, 2020 at 5:15pm

So basically what you're saying is, these indicators that you've already been so proud about for Trump have no relation what to ever to what the actual people experience?

These numbers are great, all time high!!!! But like, unemployment is huge, people are dying from the virus, there are protests and riots in the streets, but the Nasdaq!

Don't worry about all those things, the Nasdaq!

You've basically just destroyed the one thing you had left to support Trump about exposing that it's been just another con all along...

Well done, you've done more damage than any of your detractors ever could.

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lee Gold Member Offline Australian Politics Posts: 17338 Gender:	Re: Nasdaq All time HIGH !!!! Reply #4 - Jun 10^th, 2020 at 5:18pm SadKangaroo wrote on Jun 10^th, 2020 at 5:15pm: But like, unemployment is huge, people are dying from the virus, there are protests and riots in the streets, but the Nasdaq! It's all Trump's fault.
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AiA Gold Member Offline Posts: 18405 Gender:	Re: Nasdaq All time HIGH !!!! Reply #5 - Jun 10^th, 2020 at 9:21pm Unemployment is also at an all-time high.
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lee

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Re: Nasdaq All time HIGH !!!!
Reply #6 - Jun 10^th, 2020 at 9:29pm

AiA wrote on Jun 10^th, 2020 at 9:21pm:

Unemployment is also at an all-time high.

Last month.

"1931

15.9%
-6.4% -9.3% Dust Bowl

1932
23.6% -12.9% -10.3% Hoover's tax hikes

1933
24.9% -1.2% 0.8% FDR's New Deal

1934
21.7% 10.8% 1.5% Depression eased thanks to New Deal

1935
20.1% 8.9% 3.0%

1936
16.9% 12.9% 1.4%

1937
14.3% 5.1% 2.9% Spending cuts

1938
19.0% -3.3% -2.8% FLSA starts min wage

1939
17.2% 8.0% 0% Drought ended

1940
14.6% 8.8% 0.7% U.S. draft"

https://www.thebalance.com/unemployment-rate-by-year-3305506

i guess it helps if you truncate the series. Wink

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Karnal

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Re: Nasdaq All time HIGH !!!!
Reply #7 - Jun 10^th, 2020 at 9:34pm

President Elect, The Mechanic wrote on Jun 10^th, 2020 at 1:05pm:

Quote:

Nasdaq hits 10,000 for the first time ever, fuelled by Apple, Amazon

The Nasdaq composite index briefly traded above 10,000 for the first time ever Tuesday before slightly paring some gains as tech stocks continue to rally as investors bet on their strength amid the economic reopening.

The tech-heavy index rose as much as 0.7% to an all-time intraday high of 10,002.50, a key level for the index. This year, the Nasdaq has led the major US indexes in recovering from the coronavirus-induced market meltdown – it was the first to erase losses year-to-date, and the first to surpass its February high.

A number of big tech companies hit all-time highs Tuesday, fuelling the Nasdaq’s record gains. Shares of Apple surged nearly 4% to a record high on reports that the company will use its own processors in its Mac computers. Amazon shares also gained nearly 3% Tuesday to an all-time high.

A slew of other big-name tech stocks also outperformed Tuesday.Facebook jumped nearly 3%, while Netflix rose 2.4%. Chipmaker Advanced Micro Devices surged 5.7%, and Nvidia gained nearly 3% at intraday highs.

The S&P 500 index and the Dow Jones industrial average both slumped on Tuesday, falling 1.2% and 1.5%, respectively, at intraday lows. On Monday, the S&P 500 also erased its 2020 losses.

The Nasdaq is up nearly 11% year-to-date.

No wonder Weak-End is nowhere to be seen... Grin

Strange. I remember Mr Trump promising to be the Prez for MAIN STREET NOT WALL STREET.

I remember him promising to do all sorts of things to the Establishment, remember?

SHAKE THEM UP. MAKE THEM PAY. DRAIN THE SWAMP.

What happened?

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freediver Gold Member Offline www.ozpolitic.com Posts: 48834 At my desk.	Re: Nasdaq All time HIGH !!!! Reply #8 - Jun 10^th, 2020 at 9:53pm This doesn't make sense. I can understand a few tech and health stocks going up, but COVID has put a genuine dent in real values. Even the S&P 500 is only 3% off it's maximum ever value from earlier in the year. I'm predicting another tumble before the COVID thing is over.
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Richdude

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Re: Nasdaq All time HIGH !!!!
Reply #9 - Jun 10^th, 2020 at 10:04pm

freediver wrote on Jun 10^th, 2020 at 9:53pm:

This doesn't make sense. I can understand a few tech and health stocks going up, but COVID has put a genuine dent in real values. Even the S&P 500 is only 3% off it's maximum ever value from earlier in the year. I'm predicting another tumble before the COVID thing is over.

I suspect that all the quantative easing (money printing) is pushing the prices up. Phony money and is causing inflation.

There is still much uncertainty on the street because of our mad comrades doing their best to destabilize.

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Karnal

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Re: Nasdaq All time HIGH !!!!
Reply #10 - Jun 10^th, 2020 at 10:10pm

freediver wrote on Jun 10^th, 2020 at 9:53pm:

This doesn't make sense. I can understand a few tech and health stocks going up, but COVID has put a genuine dent in real values. Even the S&P 500 is only 3% off it's maximum ever value from earlier in the year. I'm predicting another tumble before the COVID thing is over.

Indeed. How do airline stocks go up?

Who's buying them?

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Karnal Gold Member Online Australian Politics Posts: 95319 Gender:	Re: Nasdaq All time HIGH !!!! Reply #11 - Jun 10^th, 2020 at 10:12pm Oh, hang on, aren't they being subsidized? Whoever would have thought they'd be buying back their stock rather than paying their employees' wages? You?
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SadKangaroo

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Re: Nasdaq All time HIGH !!!!
Reply #12 - Jun 10^th, 2020 at 10:18pm

lee wrote on Jun 10^th, 2020 at 5:18pm:

SadKangaroo wrote on Jun 10^th, 2020 at 5:15pm:

But like, unemployment is huge, people are dying from the virus, there are protests and riots in the streets, but the Nasdaq!

It's all Trump's fault.

That's not what I'm saying at all petal.

We know right now the US is a dumpster fire, much like the rest of the world, but we're still seeing record numbers for the Nasdaq etc.

That just means it's a garbage indicator of what is actually happening on the ground and with the people, and has been for Trump's entire Presidency.

Sadly, another huge own goal for Mech.

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Prime Minister for Canyons Gold Member Offline Australian Politics Posts: 26906 Canberra Gender:	Re: Nasdaq All time HIGH !!!! Reply #13 - Jun 11^th, 2020 at 10:16am Dow Jones was down 1%. Which basically shows at the moment the whole thing is volatile. We'll see ups and downs.
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lee Gold Member Offline Australian Politics Posts: 17338 Gender:	Re: Nasdaq All time HIGH !!!! Reply #14 - Jun 11^th, 2020 at 1:22pm SadKangaroo wrote on Jun 10^th, 2020 at 10:18pm: We know right now the US is a dumpster fire, much like the rest of the world, but we're still seeing record numbers for the Nasdaq etc. So people shouldn't buy shares when sh!t happens.
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