Tuesday, May 21, 2019

Dow Leaps 200 Points But Catastrophic Housing Data Menaces Market

By CCN: The Dow and broader U.S. stock market returned to strength on Tuesday after the Commerce Department temporarily rolled back trade restrictions against Huawei, the Chinese telecommunications giant. But beneath the surface, the U.S. economy is showing signs of persistent weakness that could come back to haunt the bull market. Dow Regains Footing; S&P 500, Nasdaq Follow Following back-to-back declines, the U.S. stock market was back on the offensive Tuesday, mirroring a strong pre-market for Dow futures. All three major indexes reported gains, with the Dow Jones Industrial Average climbing 203 points, or 0.8%, to 25,883.68. The broad S&P

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source https://www.ccn.com/dow-leaps-200-points-but-catastrophic-housing-data-menaces-market

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