Cornering a market refers to the process by which an individual or firm obtains enough control of a particular stock, commodity, or other asset to manipulate its price.The lack of supply allows the speculator that has been hoarding this asset to sell it on the open market at a higher price.
With the advent of futures trading, a cornerer may buy a large number of futures contracts on a commodity and then sell them at a profit after inflating the price.The stock market in 2024 has been defined by one theme:The next scheduled stock market closure is on monday, sept.
The labor department's june jobs report showed employers added 206,000 roles last month, down from 218,000 in may.The us economy added 206,000.
2, in observance of labor day.Unemployment ticked up to 4.1%, inching above 4% for the first time since.The securities and exchange commission (sec) closely watches accumulations of particular securities for this very reason.
The dow jones industrial average is close to breaking 40,000 as of june 21, when it closed at 39,494.67.Nvidia has scaled like no market leader before it.
The market also has a hand in correcting the behavior.Cornering a market can be attempted through several mechanisms.The dow jones industrial average rose 3.
Treasury yields dipped on friday after highly anticipated jobs data boosted market expectations of a federal reserve.By doing so, the investors gains control over supply and price.
Cornering the market is only possible if the speculator has control over a large percentage of the asset.
Last update images today What Is Cornering The Market
Judge, Ohtani ... Kiner-Falefa? First-half MVPs For All 30 MLB Teams
MINNEAPOLIS -- — DeWanna Bonner scored 24 points, Alyssa Thomas had 14 assists, 13 points and 10 rebounds, while DiJonai Carrington made big plays down the stretch to help the Connecticut Sun hold off the Minnesota Lynx 78-73 on Thursday night.
Bonner made 10 of 16 shots with two 3-pointers and added nine rebounds for the Sun (16-4), who have posted back-to-back wins after losing three of their previous four.
Thomas matched her season high for assists and Carrington finished with 17 points including 3 of 4 from beyond the arc.
Alanna Smith scored 14 before fouling out to lead the Lynx (14-6). Kayla McBride had 13 points and eight rebounds.
Bridget Carleton connected on a 3-pointer and Diamond Miller followed with a three-point play as the Lynx scored the first six points of the fourth quarter to knot the score at 64. Bonner answered with a 3-pointer and a three-point play for a 70-64 lead and the Sun never trailed again.
Carrington blocked McBride's layup attempt with 28 seconds left that would have pulled the Lynx within two and added two free throws with 16 seconds remaining to push the lead to six. McBride sank a 3-pointer, but Carrington answered with a layup to wrap up the victory.
Bonner scored 11 on 5-for-7 shooting to lead Connecticut to a 20-17 lead after the first quarter.
Veronica Burton sank a 3-pointer to give the Sun a 32-24 lead with 4:42 left in the first half. McBride hit two 3-pointers and Carleton and Smith both made one in a 16-4 run to end the period and the Lynx took a 40-36 lead into halftime.
Smith had a 3-pointer and a layup in an 8-2 spurt to begin the third quarter to give Minnesota its largest lead at 48-38. Carrington made back-to-back 3-pointers to cap a 10-0 run and Connecticut evened the score at 48. Thomas followed her three-point play with six straight free throws and a layup, scoring 11 of the Sun's final 14 points for a 64-58 advantage heading to the final quarter.
Connecticut has won five in a row against Minnesota in Minneapolis and improves to 2-0 against the Lynx this season.
UP NEXT
Minnesota will host the Washington Mystics on Saturday. Connecticut returns home to play the Atlanta Dream on Sunday.
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AP WNBA: https://apnews.com/hub/wnba-basketball
