Stocks rebound after coronavirus results in worst day since 1987

Coronavirus: WHO declares Europe as new epicentre, Trump declares national emergency, Wall Street recovers and Peter Dutton tests positive

Tom Greene, the Vice President of Building Operations at the New York Stock Exchange, rings the opening bell, Friday, March 13, 2020.Energy stocks rose 5.0 per cent as crude prices rebounded, after suffering their worst four-day declines on record. The Dow and the S&P 500 indexes, which had crashed almost 10 per cent on Thursday, are still headed for their worst week since the financial crisis.

Among other movers, software company Oracle Corp jumped 10.5 per cent after topping quarterly profit and revenue expectations and flagging a "minimal impact" from the virus outbreak on its fourth-quarter revenue.It also flagged a $US100 million sales hit in Asia and Europe from the outbreak.

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:

9NewsAUS /  🏆 10. in ZA

Fugazi

Classic Suckers' Rally during a Bear Market.

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.

Stimulus hopes pull stocks back from the abyssGlobal stocks have plunged, with coronavirus panic selling hitting nearly every asset class before finding some kind of floor as hopes turned to a US stimulus package. But what about my dividends :(
Read more »

How to navigate turmoil: Don't dump stocks - as long as you have time to recoverExperts say investors risk locking in losses if they rush to dump stocks in a downturn. But superannuation savers have other factors to consider Rubbish. I put everything into cash a month ago. I saw this coming. Dumping has looked fairly optimal so far.
Read more »