Stock market live updates: Is crash over?, Icahn not sure, Mnuchin says buying opportunity

Andrew Kelly | Reuters4:01 pm: Stocks close at session highs, Dow surges more than 1,900 points

The major averages ended a week of steep losses on a high note, with the Dow gaining 1,981 points, or 9.3%. The S&P 500 rose 9.2%, while the Nasdaq jumped 9.3%. The indexes rallied into the close as President Trump provided some clarity on the governmental response to the coronavirus outbreak.The major averages rose to session highs with less than 10 minutes left in the trading session, as President Trump provided some clarity about the U.S.'s response to the coronavirus outbreak.

have lost more than half their value in the last year as low oil prices continue to pressure energy companies. But Miller Tabak's Matt Maley said that from a technical perspective, the stock "should be getting quite ripe for a bounce at some point very soon." He noted that the stock's RSI, or relative strength index, is below 10, and the "most oversold it has ever been" based on the firm's data back to 1980.

." If that happens, Zentner said the bank believes U.S. households that refinance could see around $300 in additional savings due to the lower mortgage rate.got roiled this week after failed talks between OPEC and non-OPEC countries on a production cut led to a price war between Russia and Saudi Arabia. WTI is down more than 22% week to date and is on pace for its biggest one-week decline since December 2008.

Good sign and volatility index dropped by over 20%

That was smart to have CEOs of big companies give quick speeches. That should be a weekly standard in the final hour of trading

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.

Stock market live updates: Dow jumps 1,300, S&P gains 6%, Mnuchin says buying opportunityLIVE StockMarketUpdates: Stocks surged at the open, one day after posting their worst day since the Oct. 1987 crash. Dead Cats are a hot commodity these days NONE OF WHAT TRUMP SAID AT HIS CONFERENCE WAS FALSE.
Source: CNBC - 🏆 12. / 72 Read more »

Stock market outlook: Gains from 2016 Trump win erased by coronavirus - Business InsiderThe Trump administration initially downplayed the virus, with top economic adviser Larry Kudlow calling the outbreak 'contained' on February 25. Terrible stuff.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The single smartest thing to do with your investments when the stock market slumps - Business InsiderA market slump is the ideal time to take your hands (and your mind) off your investments, and let them alone to rebound naturally.
Source: BusinessInsider - 🏆 729. / 51 Read more »

A guided meditation helped calm my stock market drop fears - Business InsiderA guided meditation from financial expert JL Collins helped her step away from her investment account and ignore the market until conditions improve. Guided meditation is myth..
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock futures point to more losses Friday following market's worst day since 'Black Monday'The overnight action followed the official end of the record-long bull market run. Capitalism is a shambling corpse Disney’s announcement came after the close. Why would the market go up? No sports, everyone is afraid I can see the Dow Jones going under 10,000 again What is the stimulus when everyone is at home?
Source: CNBC - 🏆 12. / 72 Read more »