US Stocks post their largest two day point total rally ever and their largest percentage two-day gain in 21 years!
Nov. 24 (Bloomberg) -- U.S. stocks posted the biggest two- day rally since 1987 after the government guaranteed $306 billion of troubled Citigroup Inc. assets and lawmakers pledged to pass another economic stimulus package. The S&P 500 surged 6.5 percent to 851.81, capping a two-day gain of more than 13 percent. The Dow Jones Industrial Average climbed 396.97 points, or 4.9 percent, to 8,443.39. The Nasdaq Composite rose 6.3 percent to 1,472.02. All but 35 stocks in the S&P 500 gained. Forty-five companies in the index advanced at least 20 percent as all 10 major industry groups in the main benchmark for American equities gained, led by financials. The 84 banks, brokers and insurers in the index soared almost 19 percent as a group, the steepest advance since the gauge was created in 1989.Today’s advance followed a 6.3 percent rally in the S&P 500 on Nov. 21.Other US Markets were up over 8% on Monday.
3 comments:
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yup, up and down, up and down. Big Whoop.
Don't worry. It'll crash again tomorrow. ;)
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