Here’s Why The Stock Market Just Had Its Best Week Since 1974

  • 📰 Forbes
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 53%

South Africa News News

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

Here’s why the stock market just had its best week since 1974: by skleb1234

Stocks rallied on Thursday to close out their best week since 1974, as Wall Street grew increasingly confident that the coronavirus crisis is starting to improve and the Federal Reserve took extraordinary additional measures to support the embattled U.S. economy.

The Dow Jones industrial average was up 1.2%, almost 300 points, on Thursday, while the S&P 500 rose 1.4% and the Nasdaq Composite 0.8%. The market moved higher this week, thanks to increasing optimism that coronavirus containment measures are paying off, with a recent decline in new cases both in the U.S. and globally.

All three major indexes posted strong weekly gains: The S&P 500 was up more than 11% for its best week since 1974, while the Dow rallied more than 12% and the Nasdaq almost 10%.that it would pump another $2.3 trillion into the economy, in a bid to provide relief to households and businesses as well as state and local governments., in which 6.6 million people filed for first-time unemployment last week.CNBC on Thursday that he believes the U.S.

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:

 /  🏆 394. in ZA
 

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

skleb1234 scam!!! all these numbers are scam and pre meditated income for the billionaires COVIDー19

skleb1234 Nothing justifies the turn around given the dismal state of not only the US economy but that of the world. Pumping money is a band aid and pessimism shall reign once the money eventually dries up.

skleb1234 I believe I will do the honors.

skleb1234 A bailout. Thats the story. lol

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