“ ‘The equity market is giving two or three months for [the market being] closed. … [I]f it goes longer than that, then that’s not going to be good.’ ”
On Monday, the Dow Jones Industrial Average DJIA, -0.97% booked a more than 690-point gain, rising by 3.2% to end the session at 22,327, while the S&P 500 index SPX, -1.06% rose 3.4% to 2,626. The Dow and S&P 500 have risen in four of the past five sessions, but they are down considerably from their mid-February peaks. The Dow is off 24.45% from its Feb. 12 apex, while the S&P 500 is off 22.43% from its Feb. 19 peak, and the Nasdaq Composite Index COMP, -0.70% is 20.
On Friday, President Trump signed $2.28 trillion bipartisan stimulus package into law, aimed at aiding workers and businesses harmed by shutdowns related to the viral outbreak, while the Federal Reserve has already unleashed some of the most potent monetary-policy measures in its history to limit economic harm from the pandemic.
Markets on Monday appeared to draw some optimism from President Trump’s decision to extend social-distancing guidelines to April 30 from April 12, suggesting that the president may be taking more seriously the rapid rate of infection in the U.S. from the disease that was first identified in Wuhan, China, in December and has infected about 770,000 people and killed nearly 37,000 worldwide, according to data aggregated by Johns Hopkins University. In the U.S.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow gains 200 points after President Trump extends coronavirus social distancing measures through April | Markets InsiderUS stocks open higher after President Trump extends coronavirus social distancing through April. Global cases of COVID-19 have surged past 735,000 and the death toll continues to rise.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market live Monday: Dow rises nearly 700, J&J vaccine hope, oil 18-year low“We are going to have bankruptcies, and bankruptcies unfortunately destroy the capital structure completely,” Allianz’s Mohamed El-Erian said this morning. “It is a very selective game right now, rather than calling the all clear and going in for indices.” Joe should probably consider a shirt neck size a little bigger. He looks like a tick about to pop. elerianm thank you for your information. Stay safe👍🏻 Cross your fingers that the corporate bailouts and small business loans have enough juice to June stevenmnuchin1
Source: CNBC - 🏆 12. / 72 Read more »
What to watch today: Dow set to post its worst quarter in over three decadesU.S. stock futures were pointing to a lower open Tuesday, the final day of the turbulent first quarter. TrumpEconomy Just glad we were at 29,000 prior. Imagine if it was still stuck below 20,000 when this virus hit.
Source: CNBC - 🏆 12. / 72 Read more »
Florida Man Runs 100 Miles to Raise Money for NYC Run Stores, Hospital WorkersA Florida man ran 100 miles to raise money to support New York City run-specialty stores and NYC Health + Hospitals amidst the coronavirus pandemic. Florida man does something good? Incredible! He deserve to be the president of united sates of america even he run less than 10 miles it will do too👍🏼🙏🏼
Source: runnersworld - 🏆 19. / 71 Read more »
Sick Man Slowly Becoming Enthroned In Used TissuesAll the latest local coverage from The Onion, America's finest news source. He has tissues? With Trump ratings rising to record highs , Democrats go back to licking door knobs. I read 'stick man'. Was very curious about the picture
Source: TheOnion - 🏆 724. / 51 Read more »
Man awaiting liver transplant gets some hope during coronavirus outbreakZach Branson can once again look forward to getting a new lease on life now that his liver transplant has been rescheduled after being put on hold because of the coronavirus pandemic. kurdistannews24's account has been withheld in Turkey in response to a legal demand. Learn more.
Source: CNN - 🏆 4. / 95 Read more »