Stocks continue recovery from recent plunge; Dow rises 410

Dow Jones Analysis

Due to the slowdown in the market between January 29 and February 2, combined with an increase in the market's "fear gauge", computer trading programs likely resulted in the Dow Jones' 1,000+ point loss the following Monday, launching a domino effect throughout that week and sending the markets plummeting. All 11 sectors in the S&P pushed higher, led by energy and technology.

USA stocks rose for the third day in a row Tuesday, led by banks, retailers and technology companies.

Apple fell $3.49, or 2.1 percent, to $159.54 and Facebook lost $5.13, or 2.8 percent, to $180.18.

X The Dow Jones industrial average and S&P 500 rose 0.4% and the Nasdaq composite was up 0.6%.

The S&P 500 rose 36.45 points, or 1.39%, to 2,656.

Stocks are surging on Wall Street as the market claws back some of its massive losses last week.

Of course, you have to remember the Dow did correct losing more than 10% and that was in the context of good economic news and company profit reporting.

The turmoil in the U.S. stock market caused a ripple effect in markets across the world.

"The biggest issue for the bond market is the fact that this deficit is going to continue to grow and grow and grow", said Wedbush's Winer.

Tuesday was the busiest day of trading on the New York Stock Exchange since November 10, 2016, two days after the presidential election.

Restaurant Brands International, the owner of Burger King and Tim Hortons, jumped $3.50, or 6.2 percent, to $60.02 after a strong fourth-quarter report, and McDonald's gained $3.77, or 2.3 percent, to $164.57.

Carpinteria School Board Suggests Cutting Staff
However, the board would have to work out how the teachers would be given days off. The board intends to revisit the matter at its regular meeting at 6:30 p.m.

Last week's wildness on Wall Street was because of overbuying of stocks in the United States of America - the Dow was up 30% in a year! - and January was insane with almost an 8% jump in the index.

On Tuesday, U.S. stock futures signaled towards a lower open for Wall Street, after two sessions of gains that helped investors somewhat forget about the possibility of a deeper market correction taking place.

Historic volatility shook Wall Street last week as investors anxious about inflation and the future of interest rates.

US stocks surged Monday, recovering some from the wreckage left by two weeks of trading that wiped out trillions of dollars in market value. Cardinal Health lost $2.34, or 3.4 percent, to $65.69 and McKesson fell $2.84, or 1.9 percent, to $146.18.

The broader Standard & Poor's 500, which many index funds track, rose 25 points, or 1 percent, to 2,645. Henry Schein fell $4.79, or 6.6 percent, to $67.39 and Patterson sank $1.71, or 5.2 percent, to $31.21.

Stocks are surging in early trading on Wall Street, sending the Dow Jones industrial average up as much as 300 points.

Shares of Under Armour rose more than 10 percent in premarket trading after the sportswear maker reported quarterly revenue that beat analysts' estimates.

The market is coming off a turbulent week that left major indexes with their biggest weekly losses in two years. Japan's Nikkei 225 lost 0.7 percent and Hong Kong's Hang Seng index added 1.4 percent.

In the commodity markets, the crude oil prices remained nearly unchanged, recovering earlier from the sharp losses of last week.

"You nearly could hear a collective sigh of relief on Friday when the market closed higher on the day - and ahead of a weekend at that", said John Stoltzfus, the chief investment strategist at Oppenheimer Asset Management, in a note on Monday.

The dollar rose to 108.67 yen from 108.53 yen.

Related News:

  • Tessa Thompson to Play Famed Jewel Thief in Upcoming Film

    Tessa Thompson to Play Famed Jewel Thief in Upcoming Film

    Payne worked around the world, including an occasion in which she stole a 10-carat diamond ring in Monte Carlo in the 1970s. Weeks before she will be honored at Essence's Black Women in Hollywood Luncheon , Tessa Thompson has even more good news.
    France flight from Edinburgh delayed because of police probe

    France flight from Edinburgh delayed because of police probe

    Scottish police cleared French rugby players of wrongdoing after questioning them following a report of sexual assault on Monday. Events manager Jo McKinnell said the French players were in the bar on Sunday evening but said there were no incidents.
    Kim Kardashian looking slim and sexy in latest black bikini selfie

    Kim Kardashian looking slim and sexy in latest black bikini selfie

    While her fellow fitness fanatic sister Kourtney , 38, told her: "I can't take your hips seriously right now". On Tuesday morning, the reality TV star posted an Instagram shot of herself wearing a black bikini .
  • Higuain slams 'armchair' fans after Tottenham draw

    Higuain slams 'armchair' fans after Tottenham draw

    Spurs have been well-known for collapsing in the important matches in recent years but there was no sign of that at all in Turin . Aurier conceded a penalty in the dying embers of the first half after bringing down Juventus' speedy winger in the penalty area.
    Iced sensors likely cause of Russian plane crash

    Iced sensors likely cause of Russian plane crash

    The plane was designed and built by Ukraine's Antonov company until 2017 and also built by Russian Federation since then. One An-148 crashed during a training flight in Russian Federation in March 2011, killing all six crew members on board.
    Robots compete in their own Olympics ski tournament, capture our hearts

    Robots compete in their own Olympics ski tournament, capture our hearts

    Their robot was named Taekwon V , as a tribute to the 1976 South Korean animated film "Robot Taekwon V". "That's a pity. But here's the good news, robots still have a ways to go before they can beat humans in the Olympics.
  • FOLLOWUP: Highline Schools levy passing

    FOLLOWUP: Highline Schools levy passing

    Meanwhile, roughly 32 percent of Kelso School District voters had cast ballots as of Tuesday afternoon. In Bellevue, for example, property taxes are increasing from a year ago by about 21 percent.
    Chloe Kim didn't cry after winning Olympic gold to preserve eyeliner

    Chloe Kim didn't cry after winning Olympic gold to preserve eyeliner

    Chloe Kim's Net Worth 2018 - N/AHow did Chloe Kim Make Her Money & Wealth? Tweeting just before snowboarding all over a halfpipe. By six she was entering junior competitions and Jin was driving her up to Mammoth Mountain to practice as often as he could.
    'Sicario 2' Director in Talks to Take On 'Call of Duty' Movie

    'Sicario 2' Director in Talks to Take On 'Call of Duty' Movie

    I don't know what to think about this, but I can't see a traditional movie franchise and cinematic universe in Call of Duty . If there was a franchise that could transcend the worlds of gaming and cinema, it could be something like Halo.
  • Dying Woman Uses Her Last Breath To Identify Her Attackers

    Dying Woman Uses Her Last Breath To Identify Her Attackers

    According to KRON4, Investigators believe Cuesta crawled more than 100 yards along the side of the road before she was found. They gave her a blanket and Loadholt said he prayed with Cuesta and kept her awake and talking until help arrived.
    Man masturbates in Delhi bus, co-passengers unmoved as student films act

    Man masturbates in Delhi bus, co-passengers unmoved as student films act

    The woman left the bus and went straight to the police station to file a complaint for sexual harassment and public obscenity. The complainant, a final year BA English student, was on her way home on February 7 and had boarded the route number 774 bus.
    Ex-football coach Barry Bennell guilty of abusing young boys

    Ex-football coach Barry Bennell guilty of abusing young boys

    But the court heard how he admitted to police that he had a grooming process and was attracted to teenage boys. Bennell had already pleaded guilty to seven charges involving three boys but denied all the other counts.


Most liked

VA Secretary Shulkin Turned Summit in Europe into 'Sightseeing' Trip
Wright Simpson's conduct will be investigated, "and if it reveals she did something wrong, we will take action". He said the department usually has weeks to review and respond to reports, but he had only two working days.

Dwyane Wade Doesn't Want Farewell Tour: "I'm Not A Narcissist"
According to ESPN's Darren Rovell, the Heat sold Wade jerseys to fans in over 100 countries in 15 hours following the transaction. Dwyane Wade , 36, recently got traded back to the Miami Heat from the Cleveland Cavaliers on last Thursday's trade deadline .

Investor are paying more for Walgreens Boots Alliance, Inc. (WBA)
Walgreens is facing increased competition both from inside the sector and potentially imposing new rivals such as Amazon.com Inc. This repurchase authorization authorizes the pharmacy operator to repurchase shares of its stock through open market purchases.

A 'Den Of Thieves 2' Is On The Way Starring Gerard Butler
O'Shea Jackson, Jr .is also expected to be back, but he's now in negotiations for the sequel and hasn't yet signed on officially. The general belief is that a film needs to double its budget in theaters to break even, and Den of Thieves hasn't done that.

Cuomo Details Optional Payroll Tax, GOP Bristles
Cuomo has said the Republican-backed tax reform plan at the federal level unfairly targets highly-taxed blue states such as NY . The D.C. deal is bad for those proposing a state tax increase on wealthy households who got a federal tax cut.

Roberto Mancini tips Manchester City to win the Champions League
The German has been a nailed on starter for City this season, but suffered damage to his ankle ligaments last month. The scoreline gives the Swiss side little hope for the return leg at the Etihad on March 7.

Raiders inform Sebastian Janikowski he won't be brought back
" Raiders informed kicker Sebastian Janikowski today that they do not plan to bring him back for the 2018 season, per source ". Janikowski took a $ 1 million pay cut at the end of training camp in August and made $3 million in 2017.

RDU announces new routes to Florida
Allegiant on Tuesday announced a new service from RDU to Destin, Florida, a Gulf Coast town in the Florida Panhandle. Over the next five years, Allegiant officials expect to bring in about $418 million in tourism revenue.

Federer would have lost to McEnroe and Borg, insists Becker
At 36 years of age, and with 96 titles and nearly 1,400 matches under his belt, it is some achievement. Having the option of getting to No. 1 is highly motivating and very exciting to say the least".

Flawless freestyler Kingsbury wins gold in men's moguls
The list included Japan's Ikuma Horishima, who had ended Kingsbury's winning streak last month. American Chloe Kim took the gold medal position after scoring 93.75 on her first run.

Japan's Economy Grows for 8th Straight Quarter, Longest Since 1980s
Business spending was up 0.7% on quarter, missing forecasts for a gain of 1.1% and down from 1.0% in the three months prior. Exports rose 2.4 percent, but this gain was offset by a 2.9 percent jump in imports thanks to robust domestic demand.

Critics aghast at former first lady Michelle Obama's official portrait
Obama also praised Wiley, saying he's "in awe" of the artist's gifts. "There were a number of issues we were trying to negotiate". Michelle Obama's portrait drew a much more scathing reaction online.

Combined Korean hockey team makes historic Olympic debut
Army commander Walton Walker, who's considered a war hero in the South for his battles against the North during the Korean War. North and South Korea remain technically at war after their 1950-53 conflict ended in a truce rather than a peace treaty.

Aishwarya Rai Bachchan impresses with her glamorous avatar in Fanne Khan
While her character might be different from her previous film, but it seems to be wrapped in the same wrapping paper. Aishwarya will be seen alongside Rajkummar Rao, Divya Dutta and Anil Kapoor in the Atul Manjrekar-directed movie.

'Hindi Medium 2': Sara Ali Khan to play Irrfan Khan's daughter?
Earlier, it was reported the sequel for the movie will go on floors in August this year, now there is another update on the story. Before the young actress paid the "Jodha Akbar" director a visit, the latter paid his good friend Abhishek Kapoor a visit.