Home Blockchain News Meteoric Dow Jones Rally is Nothing But Smoke & Mirrors

Meteoric Dow Jones Rally is Nothing But Smoke & Mirrors

by Rss Feed from web
221 views
cryptocurrency news feed

By CCN: The Dow and broader U.S. stock market rebounded sharply on Tuesday after Federal Reserve Chairman Jerome Powell more or less laid the groundwork for rate cuts in the near future. The Fed chief’s comments came less than a day after CCN reported that Wall Street was becoming more convinced that the era of ultra-loose monetary policy would return very soon. Dow Returns to Strength; S&P 500, Nasdaq Follow All of Wall Street’s major indexes posted massive gains on Tuesday, mirroring a strong pre-market for Dow futures. The blue-chip Dow Jones Industrial Average advanced 432.18 points, or 1.7%, to

The post Meteoric Dow Jones Rally is Nothing But Smoke & Mirrors appeared first on CCN

Click To Read Full Article

* First published on ccn.com

Related Posts

Leave a Comment