Market cheering a 1% decline. Yippee.
The correction in the major stock indices continue. The S&P index and Nasdaq just traded at new session highs.
That is the good news.
The not so good news, is the market is cheering near -1% declines in the major indices. Eh, it is still better than the session lows.
- S&P index -27.4 points or -1.0% at 2728
- Nasdaq down -72. or -0.97% 7396
- Dow is down -225 points or -0.88%
Speaking of cheering, Pres. Trump is out with a tweet cheering on the how the tariffs are adding billions of dollar in the coffers of the US treasury. Yippee!