The Dow Jones Industrial Average jumped more than 450 points on President Trump’s latest coronavirus stimulus statements. Dow Jones components Apple and Boeing snapped back, while Tesla rallied more than 2% before cutting gains in morning trade.
Dow Jones leaders Apple and Microsof rose 1.6% and 1%, respectively, in today’s stock market. Boeing climbed almost 4% and was one of the top performers on the Dow 30.
Late Tuesday, President Donald Trump tweeted, “If I am sent a Stand Alone Bill for Stimulus Checks ($1,200), they will go out to our great people IMMEDIATELY. I am ready to sign right now. Are you listening Nancy?”
Early Wednesday, Trump followed up with: “Move Fast, I Am Waiting To Sign! @SpeakerPelosi.”
— Donald J. Trump (@realDonaldTrump) October 7, 2020
Amid the coronavirus stock market rally, the tech-heavy Nasdaq is up 24.3% for the year through Tuesday’s close. Meanwhile, the S&P 500 is up 4.0%, while the Dow is down 2.7% year to date, through the Oct. 6 close.
MacDailyNews Take: As we close in on Election Day in the U.S., expect volatility.