View this post on Instagram The coronavirus panic selling in the stock market gave way to what might be panic buying on Monday. Stocks rose sharply on Monday, with the Dow Jones Industrial Average having its biggest one-day gain since 2009, on the expectation that the Federal Reserve and global central banks are likely to take action to provide economic stimulus to offset drag from the viral pandemic. The Dow jumped 1,293.96 points higher, or 5.1 percent, to close at 26,703.32. That is the largest percentage gain since 2009 and the largest one-day point gain ever. The S&P 500 climbed 4.6% — its best one-day performance since Dec. 26, 2018 — to close at 3,090.23. The Nasdaq Composite also had its best day since 2018, surging 4.5% to 8,952.16. The huge gains clawed back some of the ground lost in a massive sell-off that gave stocks their worst week since the financial crisis of 2008. European benchmarks were mostly higher, and Asian markets rose broadly. Bond prices fell, pushing yields higher after having touched another record low earlier in the day. The yield on the 10-year Treasury note rose to 1.15% from 1.12% late Friday.A post shared by Breitbart (@wearebreitbart) on Mar 2, 2020 at 2:37pm PST
The coronavirus panic selling in the stock market gave way to what might be panic buying on Monday. Stocks rose sharply on Monday, with the Dow Jones Industrial Average having its biggest one-day gain since 2009, on the expectation that the Federal Reserve and global central banks are likely to take action to provide economic stimulus to offset drag from the viral pandemic. The Dow jumped 1,293.96 points higher, or 5.1 percent, to close at 26,703.32. That is the largest percentage gain since 2009 and the largest one-day point gain ever. The S&P 500 climbed 4.6% — its best one-day performance since Dec. 26, 2018 — to close at 3,090.23. The Nasdaq Composite also had its best day since 2018, surging 4.5% to 8,952.16. The huge gains clawed back some of the ground lost in a massive sell-off that gave stocks their worst week since the financial crisis of 2008. European benchmarks were mostly higher, and Asian markets rose broadly. Bond prices fell, pushing yields higher after having touched another record low earlier in the day. The yield on the 10-year Treasury note rose to 1.15% from 1.12% late Friday.
A post shared by Breitbart (@wearebreitbart) on Mar 2, 2020 at 2:37pm PST
View this post on Instagram BREAKING: U.S. equity markets surged Monday as Wall Street rebounded from its worst week since the financial crisis. The Dow Jones Industrial Average rose nearly 1,300 points or 5 percent in what is the biggest point gain ever. Ditto for the S&P 500 and Nasdaq from a point gain of 136 and 384 points respectively. The rally comes after a volatile overnight session saw Dow futures swing by more than 1,100 points and the U.S. 10-year yield sink to a record low 1.03 percent. (regram: @foxbusiness)A post shared by Fox News (@foxnews) on Mar 2, 2020 at 1:14pm PST
BREAKING: U.S. equity markets surged Monday as Wall Street rebounded from its worst week since the financial crisis. The Dow Jones Industrial Average rose nearly 1,300 points or 5 percent in what is the biggest point gain ever. Ditto for the S&P 500 and Nasdaq from a point gain of 136 and 384 points respectively. The rally comes after a volatile overnight session saw Dow futures swing by more than 1,100 points and the U.S. 10-year yield sink to a record low 1.03 percent. (regram: @foxbusiness)
A post shared by Fox News (@foxnews) on Mar 2, 2020 at 1:14pm PST
