Dow surges 500 points on optimism around US economic reopening plan - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.All three US equity indexes surged on Friday as the White House's plan for an economic reopening lifted investor sentiments.'s coronavirus treatment trials offered new optimism around an effective drug arriving sooner than expected.

The market is on pace to close with its second straight week of gains, despite economic data pointing to a deep economic recession.US stocks soared on Friday, putting the market on pace for its second consecutive week of gains, even as the coronavirus pandemic spurs recession fears.plan for an economic reopening

. The Trump administration announced Thursday night its guidelines for bringing the national economy back online after weeks of business closures and work-from-home activity. The plan focuses on a three-step process for relaxing quarantine orders and calls on governors to adjust the process so it best suits their state's condition.

"Even if you are in phase one, two, three, it's not, OK, game over — it's going to be a way that we protect ourselves," said Dr. Anthony Fauci, the nation's leading infectious-disease expert.

Irrational exuberance.

It's 'Ye OIde Pump'n'dump.' The economy and market were ready for a fall before COVID (3 FED rate reductions in 2019). Sadly, many billionaires didn't get out in time. Now they're going to pump it up and dump their shares at less of a loss.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks Fall, Dow Tumbles 400 Points After Retail Collapse And Weak Bank EarningsThe stock market slumped today, threatening to erase its gains from earlier this week after a record plunge in retail sales and weak bank earnings by skleb1234 skleb1234 It's all propped up on bullshit.there is no GDP skleb1234 What is Hydroxychloroquine ? How does it work a against COVID19 coronavirus skleb1234 GretaLWall like I said.....2 days 😂
Source: Forbes - 🏆 394. / 53 Read more »

Dow dives 445 points as earnings results hint at massive coronavirus impact | Markets InsiderUS stocks slipped on Wednesday as dire quarterly reports pointed to a larger-than-expected hit to corporate profits amid the coronavirus pandemic. 1. Quarter PM Modi SAID I respectfully bow to the people of India... Lockdown2 ModiMangalMessage 10% unemployment won't make things better either. Do you know how long it takes to hire 17m people if you started right now? Best case: months. Typical case: a year+. Meanwhile, bills still have to get paid.
Source: BusinessInsider - 🏆 729. / 51 Read more »