News Formal

US: Dow ends up 5.1% as stocks bounce back after rout

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

[NEW YORK] Wall Street stocks surged on Monday, staging a dramatic comeback after an historically bad week as markets cheered news that global finance heavyweights plan a coordinated response to the coronavirus epidemic. Read more at The Business Times.

US stocks were in the green most of the day, but trading was hesitant in stretches, in the wake of news of the first confirmed case in New York city.

"It's been an extremely oversold market and there's expectations for all kinds of fiscal and monetary easing," said Karl Haeling of LBBW. A US survey of manufacturers released Monday showed weaker than expected activity due to coronavirus, with more impact expected.

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:

 /  🏆 15. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

Dow ends up 5.1% as US stocks bounce back after routNEW YORK: Wall Street stocks surged on Monday (Mar 2), staging a dramatic comeback after an historically bad week as markets cheered news that ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »