Wall Street closes higher a day after biggest rout since 1987

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More erratic swings expected as unknown length and implications of Covid-19’s impact weigh on sentiment

in aid. The Federal Reserve reintroduced additional crisis-era tools to stabilise financial markets.

“This is a little bit unlike anything else we’ve had before because of the unknown length and the unknown implications of it,” said JJ Kinahan, chief market strategist at TD Ameritrade in Chicago. We’ll “continue to see these crazy swings”.

 

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