Stock market live updates: Stocks rebound after early losses, S&P jumps 1%, Dalio concerned

Brendan McDermid | Reuters10:17 am: Ray Dalio says the coronavirus will cost US corporations up to $4 trillionU.S. corporate losses will amount to $4 trillion

due to the coronavirus pandemic. Globally, the outbreak will cost corporations $12 trillion, he added. Dalio said the fiscal stimulus package should be $1.5 trillion to $2 trillion at a minimum, depending on the form of the financial relief such as loan guarantees and credits. "What's happening has not happened in our lifetime before ... What we have is a crisis," Dalio said in a

interview. "There will also be individuals who have very big losses. ... There's a need for the government to spend more money, a lot more money."Stocks are now higher across the board, with the Dow erasing an early 700 point loss. The 30-stock index is now up 178 points, for a gain of 0.9%. The S&P 500 is 1% higher, while the Nasdaq Composite is up nearly 3%.gained 1.5% as some of the biggest tech stocks rallied. Netflix has jumped 6.8%, while Facebook rose more than 5%.

Bank of America warned investors on Thursday that a coronavirus-induced recession is no longer avoidable — it's already here. "We are officially declaring that the economy has fallen into a recession ... joining the rest of the world, and it is a deep plunge," Bank of America U.S. economist Michelle Meyer wrote in a note. "

." The firm expects the economy to "collapse" in the second quarter, shrinking by 12%. For 2020, the firm expects GDP to contract by 0.8%. —Stevens

more multiplation with zero

Oh, don't worry - Trump will open his anus mouth and the market will start free falling again ...

Markets are clearly in a state of panic and forced liquidations !!!📉

Keep it going America! You can't kill freedom......

Is this uptick of fed funds into the market a HeadFake? What happens when it gets eaten up and absorbed into the abyss?

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Stock market live Wednesday: Dow drops 1,300, trading halted again, Ackman says shut down country“I’d definitely call it a panic in the markets,” investor Bill Miller said yesterday about the recent coronavirus-induced volatility, which he calls the 5th great buying opportunity of his adult lifetime. But he adds, “it takes a lot to maintain a panic.” I can't make bills if I miss two more weeks. It makes me sick to hear these folks gloating over profiting off of this crisis.
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