Dow ends up 3.2% as US stocks finish solidly higher

NEW YORK: Wall Street stocks gained more than three per cent on Monday as markets weighed a dire near-term economic outlook against unprecedented federal spending and central bank interventions.AdvertisementThe broad-based S&P 500 gained 85.19 points to close at 2,626.65, while the tech-rich Nasdaq Composite Index advanced 271.77 points to 7,774.15.

"Investors might be entering the 'acceptance' phase of the crisis," said JJ Kinahan, chief market strategist at TD Ameritrade. Still, many analysts expect markets to be rocky for the foreseeable future as more terrible economic data surfaces. "The risks remain overwhelmingly on the downside and further downgrades are almost assured," IHS said.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

US: Stocks open higher as markets gird for volatility[NEW YORK] Wall Street stocks rose early Monday to open what was expected to be a volatile trading week as markets weighed the economic toll of the coronavirus against emergency government spending. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »