Traders gather at a post on the floor of the New York Stock Exchange, Wednesday, March 4, 2020. Stocks are surging in early trading on Wall Street, led by health care stocks after Joe Biden scored a number of Super Tuesday wins.
The gains more than recouped the market’s big losses from a day ealier as Wall Street’s wild, virus-fueled swings extend into a third week. Investors are also anticipating other central banks will follow up on the Federal Reserve’s surprise move Tuesday to slash interest rates by half a percentage point in hopes of protecting the economy from the economic fallout of a fast-spreading virus. Canada’s central bank cut rates on Wednesday, also by half a percentage point and citing the virus’ effect.
The Bank of England has a meeting on March 26 on interest rates. The European Central Bank and others around the world have already cut rates below zero, meanwhile, which limits their monetary policy firepower. But economists say they could make other moves, such as freeing up banks to lend more. Health care stocks in the S&P 500 jumped 5.4% for the biggest gain among the 11 sectors that make up the index. UnitedHealth Group rose 13.7%, Anthem jumped 14.6% and Cigna climbed 14.1%.
Biden.
NBC29 BidenBump TrumpSlump
The Biden bounce
JoeBiden should totally tweet credit for this, imagine the unhinged responses from Trumpty Dumpty
This virus will def hurt economy , a little shift going on from travel to medical but ppl staying home can’t be made up ,
On theNews that there may be hope for America. Biden2020
Thanks for the Joementum
JoeMentum
Stock market is the id of the people made manifest
Thanks, Joe!
Dow Jones has become a white collar casino .
Told ya Bernie had them shaking in their boots! It ain't over yet tho.....
The 'Biden Bump'
Thanks Obama. I mean Biden. I mean Trump. I mean Coronavirus.
That's JoeMentum! BidenBump AKA thereshopeintheworldagain
Media claiming it's a Biden bounce😄 Will you give him credit for a decline as well
Is the DJIA rallying because the world still believes the US COVID19 coronaoutbreak is under control?
This is all so blatantly pointless
The Biden Bump
Yay! No health care for the peasants!
I think the stock market was more scared of Bernie than the Corona virus
All plus 400 pts
Thanks to Bidens wins.
It's all just a game. Get rid of the stock market
Is this Trump's fault also? Asking for a deranged leftist.
Obama's fault
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