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Stocks rebound after coronavirus results in worst day since 1987

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US stock indexes have rebounded as investors bet on another round of fiscal easing to thwart a looming global recession in the face of the coronavirus pandemic. 9News

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.

 

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