|Day's range||2,762.36 - 2,818.57|
|52-week range||2,191.86 - 3,393.52|
A breakdown of the Fed's arsenal of tools launched to provide liquidity to the economy in the wake of the coronavirus.
National Securities' Art Hogan praised Fed Chair Jerome Powell for taking whatever action is necessary to ensure the economy doesn't encounter a credit crisis. Powell unveiled a $2.3 trillion effort Thursday to aid small businesses and local governments.
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.
Stocks across Asia edged higher as investors weighed new US support measures to cushion the economic impact of coronavirus that helped Wall Street cap off a historic week of gains. The largest ETF for high-yield debt in the US, known by its ticker HYG, rose by more than 6 per cent on Thursday in its biggest one-day jump since the global financial crisis more than a decade ago.
Investors that bought the right stocks into the panic will be rewarded. But how do you find the right stocks? Jeremy Mullin goes over the patience and discipline that you will need this earnings season.
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.
The Dow, the S&P 500, and Nasdaq all jumped again through early afternoon trading Thursday, as part of a larger two week-plus market rally. So let's dive into three cloud-focused tech stocks that look like solid longer-term buys...
The stock markets in the United States rallied during the trading session on Thursday after the Federal Reserve has promised to buy junk bonds and a whole slew of issues. At this point, the market looks as if it is testing major areas.