en     ru     jp
 
 
private banking
private banking
private banking
private banking
private banking
private banking
private banking
    LOGIN HERE!  
Add privatebanking.com as a search provider to your browser  
 
Advanced Search  
Private Banking & Wealth Management search tool 
     
  Search entity  
 
 
Home
       
 
Back
 
Here’s what happened to the stock market on Wednesday Mar 26, 2020
 
Dow Jones Industrial Average rallies 495 points
The Dow jumped 495.64 points, or 2.39%, to close at 21,200.55. The S&P 500 climbed 1.15% to 2,475.56. The Nasdaq Composite advanced 0.45% to 7,384.30 The S&P 500 strung its first consecutive gains since mid-February.

White House, Senate reach stimulus deal
Stocks jumped after the White House and Senate lawmakers struck a deal on a massive stimulus bill aimed a mitigating the economic blow from the coronavirus pandemic. But stocks came off their highs after Sen. Bernie Sanders of Vermont threatened to hold up the bill, addressing what he called a ”$500 billion corporate welfare fund.”

Former Federal Reserve Chairman Ben Bernanke said Wednesday the U.S. economy will experience a quick rebound after a “very sharp” recession, lifting investor sentiment.

Boeing and Nike soar
Boeing shares rallied more than 24% to lead the Dow higher. Nike shares also climbed more than 9% on the back of better-than-expected sales. The athletic apparel maker also said it is seeing a “recovery” in China, one of its biggest markets.

What happens next?
Investors will watch out for the latest data on weekly jobless claims, which are expected to surge amid the pandemic.

Read full article
 
Source: www.cnbc.com
 
  print  
  email to friend  


 
 
Back
 
 
Get Adobe Flash Player to view the media
FlashPlayer required to view the media
private banking
private banking
private banking
private banking
private banking
private banking

 
Home News Library Newsletters Event Calendar Advertise About Contact FAQ
Privacy Policy     Terms of Service
 

©