Stocks sell-off intensified Monday, notching a four-day losing streak with the S&P 500 tumbling into bear market territory as soaring inflation slammed market sentiment over fears recession is looming ahead of this week’s Federal Reserve key FOMC meeting.
Robinhood Markets, the online trading platform that has lured millions of amateur retail traders inadvertently unleashed havoc in the stock market Thursday, when they abruptly changed sides by siding with the Wall Street elite over the stock frenzy with GameStop.
President Trump, joined by Vice President Mike Pence gave brief remarks in the White House briefing room Tuesday touting the Dow hitting 30,000, a milestone nearly 125 years in the making.
President Trump touted the “historic numbers” of June jobs report, saying the better-than-estimated numbers amid the coronavirus pandemic is evidence that “our economy is roaring back.”
President Trump touted May’s surprising positive job report that exceeded economists’ expectations on Friday, and predicted the battered economy will start to recover all of the lost jobs amid the coronavirus pandemic by 2021.