Stocks surge on Wall Street following worst day since 2008

  • 📰 AP
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Stocks open sharply higher on Wall Street after worry over coronavirus and oil prices led to the market's worst day since the financial crisis.

A woman wearing a protective face mask walks by the investment icon bull statue on display outside a bank in Beijing, Tuesday, March 10, 2020. Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain of the virus outbreak.

Anxiety mounted after Italy, the hardest-hit place in Europe, said travel controls imposed earlier on its north would be extended nationwide. Ireland canceled St. Patrick’s Day parades and Israel ordered visitors quarantined ahead of Passover and Easter, one of the busiest travel periods of the year.

In European trading hours, London’s FTSE 100 was up 3.8% to 6,193 and Frankfurt’s DAX advanced 3.2% to 10,965. The CAC 40 in France gained 3.8% to 4,885. While the virus outbreak is easing in China, where the virus was first detected, fast-growing clusters have turned up in South Korea, Japan, Iran and Italy, and the caseload is growing in the United States.

 

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

... and is now sinking ... again

📌

📌

Wasn't the worst day since financial crisis, last week?

Please stop! A 2.4% opening is hardly a surge considering the market is down 22%..

Why the hell are you using this image with this tweet?

The casino America must focus on.

Is it a “surge” when it’s making up some of its losses

'I don't know what to do... Throw money at it.' - Don J

Give it a few weeks and no one will be thinking about money.

This seems fishy...

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:

 /  🏆 728. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Stocks Fall More Than 7% in Dow’s Worst Day Since 2008U.S. stocks fell hard Monday, pushing major indexes closer to bear-market territory as a price war for oil and coronavirus fallout frightened investors. The Dow fell around 2,000 points. This is the ObamaEconomy And once again realDonaldTrump sets a new stock market record. Congrats Mr. President! 🇺🇸 The democrats must to be happy
Source: WSJ - 🏆 98. / 63 Read more »

Australia stocks fall into bear market as Wall Street sees worst day since financial crisisThe S&P/ASX 200 in Australia dropped more than 1% in early trade, sending it into bear market territory as the sectors traded lower. The benchmark Australian index had fallen more than 7% on Monday. XRP and Gold to the rescue! Agree or Disagree? The whole world is fine, don't worry guys you are not alone. There are way more people trading now that was happening back then , so I don’t get the analogy . The more that trade the smaller the difference .
Source: CNBC - 🏆 12. / 72 Read more »

Stocks Tumble, Coronavirus Volatility & Kudlow: “Don’t Panic” by Squawk on the StreetSquawkStreet SquawkStreet Stock market crashing? It’s called Tuesday in Crypto! SquawkStreet “Other than that, how was the play Mrs. Lincoln?”
Source: CNBC - 🏆 12. / 72 Read more »