Fake News Bumps Stocks Higher (No Kidding!)

A Wall Street Journal story that Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback - later dismissed as false - sent stocks soaring on outrageous volume at 2:37 pm ET.

Any questions?



At the Close, Thursday, January 17, 2019:
Dow Jones Industrial Average: 24,370.10, +162.94 (+0.67%)
NASDAQ: 7,084.46, +49.77 (+0.71%)
S&P 500: 2,635.96, +19.86 (+0.76%)
NYSE Composite: 11,994.54, +86.93 (+0.73%)

Dow Jones Industrial Average January Scorecard:

Date	Close	Gain/Loss	Cum. G/L
1/2/19	23,346.24	+18.78	+18.78
1/3/19	22,686.22	-660.02	-641.24
1/4/19	23,433.16	+746.94	+105.70
1/7/19	23,531.35	+98.19	+203.89
1/8/19	23,787.45	+256.10	+459.99
1/9/19	23,879.12	+91.67	+551.66
1/10/19	24,001.92	+122.80	+674.46
1/11/19	23,995.95	-5.97	+669.49
1/14/19	23,909.84	-86.11	+583.38
1/15/19	24,065.59	+155.75	+739.13
1/16/19	24,207.16	+141.57	+880.70
1/17/19	24,370.10	+162.94	+1043.64