News Formal

Stocks bounce on stimulus hopes

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

A rebound on Wall Street on Friday fizzled out following reports that President Donald Trump was set to declare a national emergency to tackle the ...

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

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.

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.
Source: BusinessTimes - 🏆 15. / 51 Read more »

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 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

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.
Source: BusinessTimes - 🏆 15. / 51 Read more »

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 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »