US stocks shrugged off today’s news of historic jump in unemployment claims and mounted a respectable rally.
The SkyNet BuyBots “bought the news,” sending stocks sharply higher at the open of trading on Wall Street. From there, the SellBots applied pressure, erasing the early gains. At precisely 2:15 PM EDT (“funny” how that happens) the BuyBots stepped in again and pushed stocks higher into the close. The DJIA rebounded 469 points (2.2%) and the NASDAQ recovered 126 points (1.7%).
Stay tuned as the battle of the SkyNet StockBots continues.