Wall Street stocks skyrocketed on Friday, recouping a chunk of Thursday’s steep losses in a monster rally as President Donald Trump officially declared a national emergency over the coronavirus outbreak, providing fearful investors with momentary comfort.
The global outbreak, officially designated a pandemic earlier this week by the World Health Organization, has triggered widespread cancelations for major sports and cultural events and corporate conferences, and impelled universities across the country to halt in-person instruction. On Thursday, New York Governor Andrew Cuomo banned public gatherings of more than 500 people in New York state, effective Friday evening.
3:45 p.m. ET: Stocks test session highs as Trump outlines emergency responseInvestors, who have been beset by fear and loathing during the widening coronavirus crisis, are pushing Wall Street benchmarks to session highs as Trump declares a national emergency. Apparently, traders like what they’re hearing, and appear ready to test the upside .
3:15 p.m. ET: Jack Ma to the rescue in coronavirus crisisChinese billionaire and Alibaba co-founder Jack Ma announced a plan to donate 500,000 coronavirus testing kits and 1 million masks to the United States and urged international cooperation to fight the health crisis. “It is clear that the spread of the coronavirus is having serious consequences for Canadian families, and for Canada’s economy. In addition, lower prices for oil, even since our last scheduled rate decision on March 4, will weigh heavily on the economy, particularly in energy intensive regions.”2:21 p.m.
On Friday alone, the Fed will be purchasing about $37 billion worth of bonds across the yield curve, starting with long bonds.
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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.
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Stocks Surge on New Virus Measures; Dow Up 1,985 PointsStocks surged, recouping much of a historic plunge, after President Donald Trump announced new measures to fight the coronavirus Friday The surge is not even close to recouping the historic plunge. Not even close. This is great!!!! Let's see if it can sustain itself next week. Success will be measured in two weeks.
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What to watch today: Dow bounces after stocks worst day since 1987 and coronavirus cancellationsWhat to watch today: Dow to bounce, stocks worst day since 1987 and coronavirus cancellations Just so everyone know - American Airlines is price gouging those of us who had to bring loved ones home from Europe in a hurry
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S&P 500 and Dow: How coronavirus is hurting stocksAs coronavirus spreads through the global economy, CNNBusiness is tracking the stocks, sectors and indicators most impacted, in real-time. Follow along: Business Business Is it really any surprise that Trumpdemic is potus during the worst StockMarketCrash since blackmonday 1987? Business I was listening to some cuts of your talking heads on the Hannity show, until I coiuldn't take it anymore. First, let me say as a emergency manager, and a public health professional you have no idea what you spewing forth from your station!
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Asia stocks set to decline as Dow enters bear market; WHO declares coronavirus outbreak a pandemicThe Dow Jones Industrial Average plunged into bear market territory overnight as the World Health Organization declared the coronavirus outbreak as a global pandemic. October 19, 1987, the Dow shed 22% in a single day. Better news, Comcast NBC Universal has crashed this month 2020 Pandemic ZERO DEATHS in Russia
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Dow Drops 2,100 Points: Stocks In Meltdown After Temporary Trading HaltThe blue chip index was down 8%, moving deeper into a bear market after trading was halted temporarily. The market continued its dive after President Trump set a 30-day ban on travel from Europe. realDonaldTrump really helped last night. Stocks entered bear market and will stay there for some time...! I'm thinking Donald Trump did not allay the fears of the market
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