Turnaround Tuesday happened after all. The Dow Jones Industrial Average finished up 389 points, the S&P 500, up 33 points and the Nasdaq up 71, almost erasing Monday's losses.
The big story of the day was that Swedish streaming music giant Spotify Technologies SA (SPOT) went public through an unprecedented direct listing Tuesday afternoon, and opened trading at $165.90 which valued the company at roughly $30.5 billion.
It closed around 148.74, still up from its originally suggested open price.
TheStreet's Tracy Byrnes, Kinsey Grant and Brian Sozzi dissected the offering as well as the President's continual attack on Action Alerts Plus holding Amazon (AMZN) , plus the affects of interest rates on the market. In addition, Sozzi talked about TheStreet's new Tesla (TSLA) page and our Ron Orol's breaking story on activist-targeted Rent-A-Center (RCII) .
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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