Trader Michael Urkonis, center, works on the floor of the New York Stock Exchange, Tuesday, March 10, 2020. Stocks, Treasury yields and oil are clawing back some of the plunge they took a day before, when the S&P 500 had its worst drop in more than a decade.
By the end of trading, the S&P 500 was up 4.9%. It erased three-fifths of Monday’s loss, which was the sharpest since 2008, when global authorities banded together to rescue the economy from the financial crisis. The S&P 500 shuffled along with modest gains until rocketing higher in the last two hours of trading after Trump made his pitch for economic aid on Capitol Hill. Treasury Secretary Steven Mnuchin also met with House Speaker Nancy Pelosi, whose support would be needed for any deal in a deeply divided Congress. Mnuchin called the meeting productive.
The S&P 500 rose 135.67 points, or 4.9%, to 2,882.23. The Dow Jones Industrial Average rose 1,167.14 points, or 4.9%, to 25,018.16, and the Nasdaq composite jumped 393.58, or 5%, to 8,344.25. The vast majority of people recover from the new virus. According to the World Health Organization, people with mild illness recover in about two weeks, while those with more severe illness may take three to six weeks to recover. In mainland China, where the virus first exploded, more than 80,000 people have been diagnosed and more than 58,000 have so far recovered.
Now that those with the INSIGHT to make a quick buck in turbulent times, chances are that the REALITY of the situation will hit again tomorrow.
LiamWBZ I rather be on lockdown and try not let the virus get to more people than it has ..hello you can't save the stock market look at rest of the world. When you die can't take money with you. Health of people should be number one.
means Joe Biden..is going to have a great night at the polls.. Remember what happened the last time.Stock market rised sharply high
Since many stock prices rose due to buybacks with money from tax scam, the reality is they're doing fine.
They’re acting like they’ve cured the corona virus, the 1/2 % rate cut didn’t do it, the damn thing was waiting for a payroll tax cut.Sheesh!
Probably because Trump thinks the solution to the crisis is tax cuts and money to corporations
I wonder if the trump's are market surfing?
Does Obama get credit again? 😂
The Chinese are buying stocks now.
We’re back, baby!
Even a dead cat bounces.
ASK YOURSELF: WHY ISN'T THE STOCK MARKET SHUTDOWN? Every rational being would have locked down all travel everywhere and shutdown activities for the incubation period. This is a manipulative and incompetent administration.
They also climbed on occasion in 2008 if I recall correctly. Nothing surprising.
Much to the dismay of the liberal media.
Called a 'dying throw'. It's over gents. Pack your shit up.
Thank you FED and PPT says all the 1%ers. They only care about keeping their rich buddies happy. Your 401k gains may or may not be there when you retire though.
Because Trump mentioned more corporate socialism today.
Over reaction?
Market historically comes back in better shape after a virus media scare! Follow the money!
the 1% was given another MASSIVE BAILOUT
when will march madness end 😩
Dead cat bounce.
Markets are in vFib.. just like 2008 before it all collapsed.
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