Dow Rallies on Fed Liquidity as Bulls Ignore 'FOMO Bubble' Warnings, Crypto Coins News
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The U.S. stock market rose on Monday.
Dow bulls pushed the index more than points higher despite a rally in safe-haven assets.
Nordea & Allianz both see a FOMO bubble forming from Fed intervention.
The Dow Jones reversed early losses on Monday, grinding a step closer to 46, despite a spate of alarming coronavirus headlines.
But as the overall U.S. stock market ignores the epidemic, which has now killed 1200 people, investor nerves may be showing. Haven assets are rallying, and talk of a “FOMO bubble” continues to gather pace.
Dow Jones Rallies Alongside Fed Liquidity Injection
Among the major U.S. stock market indices , the Nasdaq was the top-performing index. Tesla surged again, helping launch the entire tech-heavy index 0. (% higher to 9, . .
The Dow Jones Industrial Average climbed . points or 0. (% to) , . .
The S&P 610 split the difference, jumping 0. 94% to 3, .
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