STOCK MARKET WATCH: Tuesday, 21 May 2024
STOCK MARKET WATCH: Tuesday, 21 May 2024
Previous SMW:
SMW for 20 May 2024
AT THE CLOSING BELL ON 20 May 2024
Dow Jones 39,806.77 -196.82 (0.49%)
S&P 500 5,308.13 +4.86 (0.092%)
Nasdaq 16,794.88 +108.91 (0.65%)
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Market Conditions During Trading Hours:
Google Finance
MarketWatch
Bloomberg
Stocktwits
(click on links for latest updates)
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Currencies:
(Awaiting new links)
Gold & Silver:
(Awaiting new links)
Petroleum:
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DU Economics Group Contributor Megathreads:
Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread
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Quote for the Day:
Here's the stinker in the math: Twenty billion bucks to lease the jets is about four times what it would have cost the air force to buy them. Also, it will cost us taxpayers $3 billion more to convert the commercial planes to tankers. And in ten years the planes will have to be reconverted to commercial use (yet another $3 billion) and returned to Boeing. All in the name of fighting terrorists.
Jim Hightower. Thieves in High Places; They've Stolen Our Country and It's Time to Take It Back. Viking/Penguin. © 2003.
This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.
= new reply since forum marked as read
DJT has a sad.
“Trump Media & Technology Group, the parent company of Donald Trump’s Truth Social platform, disclosed a net loss of $327.6 million in the first quarter of the year, with total revenue at $770,500, according to its earnings report, filed Monday with the Securities and Exchange Commission.”
From CNBC: https://www.cnbc.com/2024/05/20/trump-media-djt-q1-2024-earnings.html ( I have to hand it to them, CNBC’s passive/aggressive snark with the graphic of an upside down Trump is really a troll at an entirely new level. 
)
So, it’s first quarterly numbers are in and, well, I can’t think of any word or phrase to capture the spectacle. A capsizing turd no longer is adequate. A turd in an apple peeler? Nah, I will keep working on it.
So, a company makes $770,500.00 and simultaneously loses $327,600,000.00 and it remains listed. Oh, kay… Totally normal. Growing pains. 
"My local McDonald's probably takes in more than $770,000 in a quarter."
There aren't enough 
