Dow surges nearly 800 points Friday as stock market attempts to rebound from worst day since mid-March

U.S. stock benchmarks surged Friday morning, as Wall Street aimed to finish a roller-coaster week on a better note following one of the worst selloffs for the market since mid-March when the COVID-19 pandemic was at its worst.

All three indexes saw their sharpest one-day drops since March 16 on Thursday. The S&P 500 and the Dow finished at their lowest levels since May 26, while the Nasdaq ended at its lowest since May 29, according to Dow Jones Market Data. Indeed, the International Monetary Fund’s Gita Gopinath said that the global economy is recovering more slowly than expected and faces “significant scarring,” Bloomberg News reported. In a video released Friday but recorded June 4, Gopinath said the IMF will release updated growth projections on June 24 that will likely be worse than April projections for a global contraction of 3%, if the disease lingers.

Meanwhile, a report on economic growth in the U.K. showed that gross domestic product contracted by a record 20.4% in April, highlighting weakness in Europe and one of the region’s hardest hit by the epidemic. The greenback traded flat but was poised to finish down 0.2% for the week against its major rivals, as gauged by the ICE U.S. Dollar index DXY, +0.08%.

lol this market is absolutely trash...its a full gamble now

This is funny

Tell Fauci to keep his damn mouth shut today!

Where is all of your doom and gloom Stop being a sheep and scaring the shit out of people !!!! IDontBelieveTheMedia

😂

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Dow Jumps 800 Points As Stocks Try To Rebound From The Worst Sell-Off Since MarchStocks are up more than 2% after a massive sell-off on Thursday.
Source: Forbes - 🏆 394. / 53 Read more »

Stocks suffer their worst day since March, with the Dow plunging more than 1,800 pointsIt was a brutal day for the market. Stocks tanked Thursday in the market's worst day since the March sell-off as coronavirus cases increased in some states that are reopening. - The Dow fell 1,861 points. - The S&P 500 slid 5.89%. - The Nasdaq lost 5.2%. Don't tell tweety asshole Sarah Eisen needs to bring more optimism or the market falls apart The fall came as a no surprise to me and many others. The 'recovery' rally was a well organized Wall Street Madoff Ponzi scam. It fooled no one outside the US.
Source: CNBC - 🏆 12. / 72 Read more »

Dow futures surge nearly 600 points Friday as stock market attempts to rebound from worst day since mid-MarchU.S. stock-index futures rose sharply Friday morning, as Wall Street aimed to finish a roller-coaster week on a better note following one of the worst selloffs for the market since mid-March when the COVID-19 pandemic was worst. Great, only 3 more sessions to go to get back to where we left off :) so the Robin Hood sell off is over? 🤔
Source: MarketWatch - 🏆 3. / 97 Read more »