Stocks bounce on stimulus hopes

REUTERS: Wall Street clawed back some losses on Friday after its biggest one-day decline in three decades, as investors set their hopes on more global fiscal stimulus to stem a coronavirus-driven global recession.

Given the steep declines on Thursday - the biggest one-day percentage drop since"Black Monday" in October 1987 - investors were hoping for a stronger bounce-back in today's session. All the main S&P 500 sub-indexes were trading higher, with financial stocks rising 6.94per cent as expectations of further liquidity measures by the Federal Reserve pushed up Treasury yields, in what has become a very thin market.

Hotel operators Marriott International Inc , Hilton Worldwide Holdings and Hyatt Hotels Corp all gained at least 1per cent.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Wall Street pauses trading after stocks sink, Dow down 7.2%[NEW YORK] Trading on Wall Street was halted just moments into Thursday's session after US stocks plunged further on the deepening economic pain from the coronavirus. Read more at The Business Times.
Fuente: BusinessTimes - 🏆 15. / 51 Leer más »

Plunging Wall Street stocks end record bull runWall Street tanked on Thursday, slamming the book on the longest-ever U.S. bull market after new travel restrictions to curb the coronavirus ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »

Singapore stocks: STI pares steep losses at Friday afternoon reopenSINGAPORE equities resumed trading on Friday afternoon, recovering some of the early-session losses after the global stock rout amid growing worries over the virus outbreak's economic fallout. Read more at The Business Times.
Fuente: BusinessTimes - 🏆 15. / 51 Leer más »

Wall Street tumbles, Dow confirms bear marketU.S. stock indexes tumbled on Wednesday as investors worried over the absence of immediate measures from President Donald Trump's administration ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »