Dow falls 6.3% in latest US stocks rout

NEW YORK: Wall Street stocks plunged again on Wednesday as the economic toll from the coronavirus mounts and analysts warn of a deep recession.

The Dow fell as much as 10 per cent during the early afternoon, but stocks rallied somewhat near the end of the session as the US Senate passed a US$100 billion emergency package for free coronavirus testing, sick pay and other benefits related to the crisis. "These outcomes are worse than were recorded during the global financial crisis or the European sovereign crisis," the note said of the second quarter.Petroleum-linked shares suffered an especially brutal round as US oil prices plunged 24 per cent to US$20.37 a barrel, its lowest price since 2002 on a demand outlook that worsens by the day.

👍

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Market rout to extend in Asia after US stocks dive 12%SYDNEY (BLOOMBERG) - The stomach-turning ride in global financial markets showed no signs of easing in Asia on Tuesday (March 17) after US stocks plunged the most since 1987, with President Donald Trump warning that the economic disruption from the coronavirus could last into summer.. Read more at straitstimes.com. Your headline is misleading. There may be regional curfews in a few cities in US but not all the cities!
La source: The Straits Times - 🏆 8. / 63 Lire la suite »

Exxon pays more to borrow amid market turmoilExxon Mobil Corp paid a big premium to raise US$8.5 billion in new debt on Tuesday, as a rout in energy prices and stock market jitters fueled by ...
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »