Stocks roar back to life from the brink of bear market

Wall Street roared back to life on Tuesday, rebounding from the brink of bear market confirmation as bargain hunting and hopes of government stimulus calmed investors’ fears surrounding the coronavirus and growing signs of imminent recession.

The S&P 500 rallied 4.9 per cent as investors digested a trickle of news that President Donald Trump and his team are looking at measures including cutting payroll taxes and aiding ailing businesses like airlines and cruise operators. Stocks whipsawed throughout another wild day on Wall Street, wiping out a gain of 3.5 per cent to turn negative before a furious rally in the final two hours of trading delivered the biggest gain since December 2018.

With markets on edge, signs had started to mount that governments around the world are awaking to the need for stimulus measures to combat the virus that is threatening to plunge the global economy into recession.

Business Business Latest News, Business Business Headlines

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

Stocks, oil prices plunge as virus closes sites around worldChina reported 40 new cases of the virus Monday, its lowest number since Jan. 20
Source: globeandmail - 🏆 5. / 92 Read more »

Stocks surge on Wall Street following worst day since 2008Stocks are surging on Wall Street following the market's worst day since the financial crisis of 2008. The Dow jumped nearly 800 points, or 3.3 per cent, making up less than half of its plunge from the day before. It's all just theatrics. The stock market has a life of its own, no one has the crystal ball for predictions. Day traders usually get burnt big time.
Source: CTVNews - 🏆 1. / 99 Read more »

Global stocks, oil prices sink as crude exporters squabbleGlobal stock markets and oil prices plunged Monday after a squabble among crude producers jolted investors who already were on edge about the surging costs of a virus outbreak. Todays mission, count how many times CTV News post about Oil prices and stock prices sinking. 1
Source: CTVNews - 🏆 1. / 99 Read more »

Premarket: Global stocks steady after plunge on virus, oil crashStimulus efforts help offset investors’ concerns after a global rout that saw Wall Street post its worst session since the financial crisis
Source: globeandmail - 🏆 5. / 92 Read more »

Global stocks steady after plunge on virus, oil crashGlobal stock markets rebounded Tuesday from record-setting declines after U.S. President Donald Trump said he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak. What stocks exactly are you looking at?
Source: CTVNews - 🏆 1. / 99 Read more »