Markets around the world remain highly volatile as traders see a recession growing more likely and large sections of the economy come closer to shutting down. The Standard & Poor’s 500 index was up 5.8% around 9:10 a.m. Pacific time, following Monday’s 12% plummet.to help the economy, including relief for small businesses and the airline industry, as well as a tax cut for wage-earners, sources said.
“There are still a lot of questions in the mind of the market as to what will be enough,” said Robert Haworth, senior investment strategist at U.S. Bank Wealth Management. “It’s a start, but there’s still a lot to be determined.” Treasury Secretary Steven T. Mnuchin planned to outline the White House’s package to Senate Republicans at a private lunch, with officials aiming to have Congress approve it this week.
The S&P 500, which dictates the movements of workers’ 401 accounts much more than the Dow, is still roughly 25% below its record set last month and is back to where it was in late 2018, erasing most of the best year for stocks in decades.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia stocks set for further weakness after Dow sees worst day drop since 1987Overnight on Wall Street, the Dow Jones Industrial Average plunged 2,997.10 points to close at 20,188.52 — its worst decline since its 'Black Monday' crash three decades ago when it fell more than 22%. Who cares about the money and making rich richer poor ppl who actually pay taxes vs tho use who avoid them and losing their family and fiends. Greed will eat you all. 'Dow futures jump 700 points after Wall Street suffers worst day since last Thursday'
Source: CNBC - 🏆 12. / 72 Read more »
Stocks claw back ground a day after worst drop since 1987NEW YORK (AP) — Stocks are opening broadly higher on Wall Street Tuesday, a day after plunging to their worst loss in more than three decades. The Dow industrials added 150 points, or 0.7%, a day... Wondering how liberals are going to spin this, come election time, into it being Trump's fault... Until trump open his mouth.... Three decades is 1990. Go back further. That's how far Republican leadership has knocked us back.
Source: AP - 🏆 728. / 51 Read more »
5 things to know before the stock market opens TuesdayU.S. stock futures, in a volatile session, point to a bounce after Wall Street's worst day since the 1987 'Black Monday' market crash. This is good stuff Where's Larry 'Airtight' Kudlow these days?
Source: CNBC - 🏆 12. / 72 Read more »