|Day's range||8,072.32 - 8,227.91|
|52-week range||6,631.42 - 9,838.37|
A breakdown of the Fed's arsenal of tools launched to provide liquidity to the economy in the wake of the coronavirus.
Thank you, Jerome Powell and your friends at the Federal Reserve.
Following two consecutive weeks of jobless claims in the millions, another 6.606 million Americans filed for unemployment for the week ending April 4.
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.
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.
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.
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.
Wall Street stocks rose early Wednesday as markets weighed the latest figures on the coronavirus against the prospects for additional measures to prop up the economy. The broad-based S&P 500 gained 1.1 percent to 2,688.83, while the tech-rich Nasdaq Composite Index advanced 1.2 percent to 7,977.72.
Based on the early price action, the direction of the June E-mini NASDAQ-100 Index the rest of the session on Wednesday will be determined by trader reaction to 7948.00.
US stocks extended their gains in afternoon trading on Wednesday amid optimism that coronavirus infections in the country could be close to peaking. The benchmark S&P 500 closed 3.4 per cent higher, despite the weaker earlier performance of European stocks, which wavered after eurozone finance ministers failed to reach a deal on a common response to the pandemic. The tech-heavy Nasdaq Composite was up 2.6 per cent.
Shares were mixed in Asia on Thursday after a 3.4% gain on Wall Street overnight as investors chose a positive focus for data about the coronavirus outbreak’s trajectory. Shares rose in Hong Kong, Sydney and Shanghai. “Risk assets continued to rally on the perception that the global economy will open up again quicker than expected," Stephen Innes of AxiCorp said in a commentary.
World equity markets surged and oil prices jumped on Wednesday on hopes the coronavirus pandemic is getting close to peaking and that more government stimulus measures could be on the way. After U.S. stock markets closed on Tuesday, President Donald Trump said the United States may be getting to the top of the coronavirus curve, suggesting the number of cases and fatalities may be approaching a peak. The Trump administration asked Congress for an additional $250 billion in emergency economic aid for small U.S. businesses reeling from the impact of the outbreak.
Wall Street stocks finished lower Tuesday as a rally based in part on optimism over apparent progress in combating the coronavirus faded late in the session. The broad-based S&P 500 shed 0.2 percent to end the day at 2,659.41, while the tech-rich Nasdaq Composite Index lost 0.3 percent to 7,887.26. Financial markets have been closely monitoring grim health reports and were cheered by data showing New York's three-day average of hospitalizations had gone down.