US stocks saw a sharp rebound on Tuesday, a day after suffering their worst decline since the depths of the financial crisis.
The rally is being driven by optimism over a government stimulus package designed to boost US economic activity. Investor sentiment also got a boost from a deescalation of the mounting oil-price war between Saudi Arabia and Russia.
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Stock Market Bloodbath: S&P, Dow Down More Than 7% In Worst Drop Since 2008A surprise price war between oil producers Saudi Arabia and Russia, compounded by intense investor anxiety over the continued spread of the coronavirus—triggered massive market losses today by theothersarahh theothersarahh Surprise price war theothersarahh Don't forget Big Oil's big debt. Its day is done. theothersarahh It's time to slowly take 6 deep breathes and slowly exhale each breath .
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