Dow curbs 800+ point loss as stocks close down, but off lows

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Dow curbs 800+ point loss as stocks close down, but off lows

Payne Capital Management President Ryan Payne, former Gartman Letter editor Dennis Gartman, and Capital Wealth Planning CIO Kevin Simpson weigh in on market activity ahead of the Fed’s two-day policy meeting.

U.S. stocks closed down across the board but off the worst levels of the session as volatility continued following the massive swings experienced Monday.

The Dow Jones Industrial Average erased an 800+ point deficit, briefly turning positive, before ending the session off 66 points or 0.1%. The S&P 500 and the Nasdaq Composite lost 1.2% and 2%, respectively.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	34297.73	-66.77	-0.19%
SP500	S&P 500	4356.45	-53.68	-1.22%
I:COMP	NASDAQ COMPOSITE INDEX	13539.294893	-315.83	-2.28%

The choppiness follows Monday’s wild turnaround, which had the Dow rebound from a 1,000-plus-point drop and also followed a three-week decline for the S&P 500, concluding with its worst weekly stretch since the start of

Dow, S&P 500 close at all-time highs

Delancey Strategies president Jared Levy provides insight on the U.S. markets.

U.S. stocks closed in record territory on Wednesday despite lingering worries about the coronavirus’ omicron variant.

STOCK FUTURES FLAT AMID OMICRON CONCERNS

The Dow Jones Industrial Average climbed 90.42 points, or 0.25%, setting a new record. The S&P 500 rose 0.14%, setting its own record, while the Nasdaq Composite ended down 0.10%. It marked the first record close for the Dow since Nov. 8.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	36488.63	+90.42	+0.25%
SP500	S&P 500	4793.06	+6.71	+0.14%
I:COMP	NASDAQ COMPOSITE INDEX	15766.216275	-15.51	-0.10%

Meanwhile, oil climbed 0.76% to $76.56 per barrel, its highest level since Nov. 24. The 10-year Treasury yield also jumped 6.2 basis points to 1.542%, finishing at a five-week high.

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On the economic data front, pending home sales fell

Dow, S&P close in on all-time highs

Lane Generational founder and managing partner Fred Lane argues tech companies will remain profitable despite supply chain disruptions.

U.S. stock indexes flirted with record highs as earnings reports continued to mostly exceed expectations.

The Dow Jones Industrial Average rose 152 points, or 0.43%, while the S&P 500 index edged up 0.37% and the Nasdaq Composite index slipped 0.05%. Both the Dow and the S&P 500 finished about 0.1% below their respective peaks. The Nasdaq ended 1.6% below its all-time high.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	35609.34	+152.03	+0.43%
SP500	S&P 500	4536.19	+16.56	+0.37%
I:COMP	NASDAQ COMPOSITE INDEX	15121.67834	-7.41	-0.05%

BIG MONEY MANAGERS HOARD CASH, DUMP BONDS AS INFLATION FEARS MOUNT

In stocks, Netflix Inc. beat on earnings and posted inline revenue as the company added 4.4 million users, easily exceeding estimates. The company expects to add 8.5 million subscribers in the current quarter.

2 Chick-Fil-a Dining places Close Eating Rooms: ‘Hiring Crisis’

Two Alabama Chick-fil-A dining places have closed their eating rooms for the reason that of the labor shortage.
1 of the Chick-fil-A eating places stated staff members ended up “fatigued” striving to continue to keep up with demand from customers.
Both of those will carry on serving meals by means of selection and shipping and delivery.

Two Chick-fil-A eating places in Alabama are shutting their eating rooms simply because of the US labor shortage, Fox Information very first documented.

The places to eat in McCalla and Madison, which will continue serving meals via assortment and supply, the two reported that they required to reopen their eating rooms, but didn’t have a date for when this could take place.

Both equally said their staff were fatigued.

“We, together with several businesses, are in the middle of a choosing disaster,” the Madison restaurant said in a

Kushner Close friend, Trump Pardonee Ken Kurson Billed With Stalking Wife

A close close friend of Jared Kushner’s has been charged with cyberstalking his now ex-spouse.
Kenneth Kurson, a previous editor of the Observer, was pardoned by Trump this yr for connected costs.
The Manhattan district lawyer claimed Kurson made use of adware to entry his wife’s Gmail and Facebook.

A near buddy of Jared Kushner’s who was pardoned previously this year by President Donald Trump was charged with spying on his wife’s e-mail and Facebook messages.

The Manhattan district attorney’s office environment claimed on Wednesday that from September 2015 to March 2016, Kenneth Kurson, 52, monitored the digital activity of his spouse at the time. He was charged with eavesdropping and computer trespass. He was arrested on Wednesday, The Washington Post and ABC News claimed.

Kurson, the Observer’s previous editor-in-main, made use of

spyware
to keep an eye on his wife’s keystrokes and obtain