Since the pandemic started, we've been hearing simple, but profound questions over and over: "How do I invest with just $2,000? What are the stocks to buy? How to I allocate that money." The surprisingly simple, easy-to-execute approach comes from our own Bill Patalon.
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Volatility returned to the markets in the last week as the VIX spiked 38.5% and the S&P 500 experienced a 7% decline.
With the economy still struggling, investors are wondering if this is the start of another stock market crash.
But it could also be just a bit of “fat trimming” in a longer-term bull market poised to go higher.
The Dow Jones today is gaining as homebuilder sentiment rises to an all-time-high.
The S&P 500 is also pushing back toward all-time highs as investors speculate on the timing of the next COVID-19 stimulus bill.
Congress is currently away for August recess, but speculation is mounting that Speaker Nancy Pelosi is on the verge of calling House Representatives back to debate new legislation.
Read on for everything moving the Dow today.
The Dow Jones now is ticking up as Congress debates the latest executive order by President Donald Trump.
The order would extend unemployment benefits, delay tax payments, and temporarily suspend student loan payments.
More on what's moving the Dow today, below….
The S&P 500 erased all of its 2020 losses on Monday as investors continued their bullishness on the reopening of the economy.
The S&P 500 closed 1.2% higher, the Dow jumped 1.7%, and the Nasdaq was up 1.1%.
"The journey of a thousand miles begins with a single step."
– Chinese proverb attributed to philosopher Laozi
With all the COVID-19 whipsawing we're experiencing in the U.S. economy – and the uncertainty that's created for folks like you and me – Money Map Press is seeing more direct inquiries about stocks than at any time since the Great Financial Crisis of 2008 to 2009.
And one of the most intriguing queries we're seeing is this one: "I have $2,000. I want to invest it in stocks. But I'd sure be grateful for some guidance on which stocks to buy and what 'strategy' to employ."
Let me tell you folks: I love this question.
And I respect the heck out of those who posed it, or who were thinking along those lines, for a few reasons…
For one, you're ignoring the near-term "noise" and are focusing on the long term.
Second, you're taking action – and taking control of your own financial destiny – which is always one heck of a lot better than just sitting back and letting stuff "happen to you."
And, finally, it can be a difference-maker. That two grand is merely the first step. But it shows that you're serious about changing your future. It puts "skin in the game." It forces you to pay attention. And you'll be stunned at how much you learn.
It takes courage to act, to make tough decisions, to move forward.
And by posing this question, you're doing just that.
Just as a long journey can start with a single step, the journey toward a secure financial future can begin with a single investment – even one as seemingly small as $2,000.
And I'm going to start by sharing a personal story that proves the value of a "mere" $2,000 investment. I'll even offer some stock recommendations that will help you take that first step… Full Story
Over the weekend, Warren Buffett held his annual Berkshire Hathaway Inc. (NYSE: BRK.A) shareholders meeting.
He revealed that the company liquidated all of its airline holdings and said it is possible for some stocks to take 10 or 20 years to recover back to all-time highs they made in the past year.
Despite that grim prediction, the markets eked out gains.
The S&P 500 started the day down about 1% in early morning trading. But they rallied throughout the day and closed 0.4% higher.
Tech stocks saw the biggest bids as the Nasdaq closed 1.2% higher.
The Dow Jones today is down after the World Health Organization reported 2,909 COVID-19 deaths in the U.S. between Thursday and Friday.
That's the deadliest 24 hours yet for the U.S. during the pandemic.
At the same time, states are announcing measures to slowly reopen the economy.
We'll talk more about that below.
The Dow Jones Industrial Average will attempt to rebound today after the worst single day for the markets since the 1987 crash.
The uptick comes after the New York Fed announced intentions to inject roughly $1.5 trillion in liquidity in the markets to help stabilize short-term lending.
The Dow Jones Industrial Average could lose more than 600 points today on South Korea's 600 reported coronavirus cases.
South Korea raised alert on coronavirus to the "highest level" this morning. The ongoing spike of cases outside of China has driven governments to panic, while analysts continue to warn that global economic growth is poised to slump.