U.S. stocks recovered some losses on Thursday and oil prices soared, though the modest gains were not enough to offset the damage done by a weeks-long sell-off.
The Dow Jones Industrial Average was up 0.8%, or 170 points. The S&P 500 gained 0.3% while the Nasdaq gained 2.3%.At a press conference on Thursday afternoon, President Trump said he would considerfor companies who receive bailouts under his administration’s proposed $1 trillion stimulus plan. Central banks are also continuing to act in order to cushion the economic blow of the coronavirus outbreak: yesterday, the European Central Bank announced an $818 billion bond-buying program and the Federal Reserve said it will act to shore up prime money market funds.
. “Every day, a new area of distress pops up and every day, they’re coming up with a new program or rebooting an old program.”
theothersarahh Lets hope it keeps crashing. The only way normal people will ever get help is if trump is still scared of the stock market
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