US stocks gain ground in volatile session, Dow ends +1.0%

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 66%

United States News News

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

NEW YORK: Wall Street stocks finished higher on Thursday (Mar 19) following a volatile session as investors weighed massive government stimulus ...

NEW YORK: Wall Street stocks finished higher on Thursday following a volatile session as investors weighed massive government stimulus measures being proposed against some of the first data showing the sharp US economic slowdown underway.

Economists are slashing their outlooks as more sectors of the US radically curtail activities, shutting down stores, cutting transportation routes and suspending or slowing manufacturing. "We are still in the first inning," said Keith Buchanan, portfolio manager at Globalt."We just don't know where this is going, there is no precedent and that is what is making the market so hysterical."The US has recorded 10,755 cases of new coronavirus infection, 154 of them fatal. But authorities expect the number to increase steeply in the coming days because of increased levels of testing after initial delays.

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:

 /  🏆 6. in US
 

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

Not much confidence.

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 falls 6.3% in latest US stocks routNEW YORK: Wall Street stocks plunged again on Wednesday (Mar 18) as the economic toll from the coronavirus mounts and analysts warn of a deep ... 👍
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »