Market Report - Us Close
Wall Street stocks turned in a solid performance on Monday after Johnson & Johnson identified a lead candidate for coronavirus treatment and the White House extended measures to contain the spread of the outbreak.
US stocks finished lower at the end of the week even after the US House of Representative voted in favour of an approximately $2. 0trn economic relief package following a late bout of selling.
Shares on Wall Street finished higher for a third consecutive session after the head of the country's central bank assured investors that more could be done if needed to help the economy through the fallout of the coronavirus epidemic.
Stocks on Wall Street finished mostly higher by the close on Wednesday, with Boeing among the leading risers, after reports that lawmakers had agreed on a $2trn economic relief bill that included measures aimed specifically at the aerospace and defence engineer.
Wall Street's main market gauges snapped higher after the speaker of the House of Representatives, Nancy Pelosi, voiced "real optimism" that a deal on a coronavirus spending bill could be voted on Tuesday, or Wednesday at the latest.
Shares on Wall Street finished in the red after a turbulent session on Monday, even after the US central bank announced its plans for open-ended asset purchases, as traders expressed their disappointment that a proposed $1. 6trn government spending package had failed to pass muster overnight in the Senate.
Stocks on Wall Street fell sharply at the end of the week as Congressmen failed to agree on a fiscal stimulus package against the coronavirus pandemic.
Shares on Wall Street finished higher on Thursday, helped by the latest moves from authorities to offset the fallout from the Covid-19 coronavirus pandemic, and the immediate effect of efforts to contain it.
The Dow Jones Industrials fell below the 20,000 point mark for the first time since 2017, dragged down by losses in stocks most impacted by the coronavirus pandemic such as civil aerospace and another outsized leg lower for crude oil futures.
Wall Street stocks recorded some solid gains on Tuesday as the US looked to recover from the carnage seen in the previous session.
US stocks recorded heavy losses on Monday after Wall Street trading was halted on when stocks hit "limit down" despite the Federal Reserve launching an extensive monetary stimulus campaign at the weekend aimed at curbing slower economic growth amid the fallout from the COVID-19 outbreak.
Trading on Wall Street ended in misery on Thursday, as the S&P 500 suffered its worst day since October 1987, and the Dow its largest points loss in history, as consternation around the global Covid-19 coronavirus pandemic raged on.
US stocks closed sharply lower on Wednesday as investors dealt with uncertainty around a fiscal response from the White House aimed at curbing reduced economic growth.
US stocks closed sharply higher on Tuesday following the Dow Jones and S&P 500's worst daily showings since the Global Financial Crisis in the previous session.
Stocks on Wall Street plunged by unprecedented amounts on Monday, as coronavirus fears rolled on, which combined with an unexpected price slash from oil producer Saudi Arabia to make for a particularly dark day on Wall Street.
US stocks closed lower on Friday as investors digested the latest monthly non-farm payrolls data and remained focus on the spreading coronavirus outbreak.
US stocks followed Europe's lead and headed south on Thursday as this week's wild ride for stocks continued.
US stocks had rocketed by the close on Wednesday, as investors shrugged off a warning from the IMF and chose to focus on news that Super Tuesday voting had former Vice President Joe Biden picking up some key wins, cementing his place as one of the top candidates in the Democratic pool.
US stocks finished sharply lower on Tuesday, more than reversing their early gains as an unscheduled rate cut from the Federal Reserve strengthened fears of a coronavirus-stoked recession.
US stocks recorded some solid gains on Monday as major indices attempted to reclaim some of their recent losses, with expectations that the Federal Reserve will again cut rates driving the rally.