|Day's range||23,504.10 - 24,009.00|
|52-week range||18,213.65 - 29,568.57|
A breakdown of the Fed's arsenal of tools launched to provide liquidity to the economy in the wake of the coronavirus.
Stocks cut earlier losses from the overnight session and opened higher Thursday after the Federal Reserve unexpectedly unleashed a new multi-trillion-dollar stimulus plan to support businesses during the coronavirus pandemic.
Asian shares were steady in quiet Good Friday trading after Wall Street closed out its best week in 45 years thanks to the Federal Reserve's titanic effort to support the economy through the coronavirus crisis. The price of oil fell back after major oil-producing countries struggled to finalize a deal on output cuts.
Wall Street stocks rose Thursday after the Federal Reserve unveiled massive new stimulus that offset news of another huge spike in jobless claims. The broad-based S&P 500 advanced 1.5 percent to end the day at 2,789.82, while the tech-rich Nasdaq Composite Index added 0.8 percent, closing at 8,153.58. The Fed announced another series of financing facilities, boosting to a whopping $2.3 trillion its support of the US economy amid the coronavirus pandemic.
Wall Street stocks rose early Thursday as the Federal Reserve unveiled another round of massive stimulus even as another 6.6 million US workers filed jobless claims spiked due to business closures to counter the coronavirus. The broad-based S&P 500 also gained 2.0 percent to 2,803.95, while the tech-rich Nasdaq Composite Index advanced 1.6 percent to 8,220.28. The gains came after US labor data showed another surge of workers requesting unemployment benefits last week, taking the total over the last three weeks to nearly 17 million.
Based on the early price action and the current price at 23631, the direction of the June E-mini Dow Jones Industrial Average the rest of the session on Thursday is likely to be determined by trader reaction to 23571 and 23796.
Investing.com -- U.S. stock markets remained higher in morning trading Thursday after the Federal Reserve broadened its monetary safety net and investors awaited a decision from OPEC+ on production cuts.
Asian shares are steady in quiet Good Friday trading after Wall Street closed out its best week in 45 years thanks to the Federal Reserve's titanic effort to support the economy through the coronavirus crisis. Many regional markets were closed. Stock investors expected such dismal numbers, and some are looking ahead to a possible reopening of the economy.
Healthcare stocks jumped after Senator Bernie Sanders dropped out of the presidential race, relieving some of Wall Street’s political concerns amid the economic crisis stemming from the coronavirus.
Wall Street had closed sharply higher Wednesday amid hopes the U.S. may turn a corner in its battle against the coronavirus as early as next week. The Dow Jones Industrial Average rose 3.4%, or 780 points, the S&P; 500 up 3.4%, while the NASDAQ Composite added 2.6%.
Global equity benchmarks moved higher on Thursday following signs of some success by governments and central banks which have taken additional steps to bolster their economies during the COVID-19 pandemic, while oil prices pulled back from an earlier surge. Oil prices were up about 2%, pulling back from an earlier surge as OPEC and other crude producers work on a deal to drastically cut output in response to a collapse in global demand from the coronavirus. The U.S. central bank said it would begin buying municipal bonds issued by state and local governments in order to help them respond to the health crisis.
Tokyo stocks opened slightly lower Thursday, as expectations for the impact of a massive Japanese economic package were offset by worries over the impact of the virus pandemic. The benchmark Nikkei 225 ...
The S&P 500 and Dow Jones Industrial Average climbed 3.4% amid signs that deaths and infections may be nearing a peak or plateau in some of the world's hardest-hit areas. The Dow Jones Industrial Average gained 779.71 points, or 3.4%, to 23,433.57. The Dow is up 2,381.04 points, or 11.3%.
Wall Street stocks finished with solid gains Wednesday as the market embraced data from New York and other coronavirus hotspots that suggested the outbreak was leveling off. The Dow Jones Industrial Average jumped 3.4 percent, or around 780 points, to 23,433.57. The broad-based S&P 500 also gained 3.4 percent to 2,749.98, while the tech-rich Nasdaq Composite Index advanced 2.6 percent to 8,090.90.
In its minutes, the Fed also reiterated its previous stance that it would be appropriate to maintain rates at the current near-zero levels until policymakers were confident that the economy had “weathered recent events.”