Friday, 29 May 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Dow soars 800 points as hopes for a coronavirus slowdown buoys stocks
Tuesday, 7 April 2020 21:10 WIB | MARKET UPDATE |Saham AS

U.S stocks shot higher early Tuesday, extending a powerful rally to a second session on growing signs that the spread of the COVID-19 pandemic may be leveling off in parts of the world.

Markets were also encouraged by reports of further planned U.S. measures to help dampen the recessionary impact of shutdowns and business closures intended to limit the epidemic.

The Dow Jones Industrial Average rose 795 points, or 3.5%, to reach 23,478, the S&P 500 index gained 81 points, or 3%, at 2,743.64, while the Nasdaq Composite index advanced 201 points, or 2.5%, to reach 8,112.

On Tuesday, the Dow rose 1,627.46 points, or 7.7%, its third biggest daily gain ever, to finish at 22,679.99. The S&P 500climbed 175.03 points, or 7%, to end at 2,663.68 or its highest level since March 13. The Nasdaq Composite surged 540.15 points, or 7.3%, to close at 7,913.24.

With Monday™s rally, the S&P 500 has bounced about 20% from its 52-week low on March 23.

Source: Marketwatch

RELATED NEWS
Tokyo Stocks Open Lower On US-China Tension...
Friday, 29 May 2020 07:31 WIB

Tokyo stocks opened lower on Friday, tracking falls on Wall Street on rising tensions between the US and China. The benchmark Nikkei 225 index was down 0.56 percent or 123.03 points at 21,793.28 in e...

Hong Kong stocks hit by China-US stand-off (Review)...
Friday, 29 May 2020 03:31 WIB

Hong Kong stocks sank Thursday as traders grow increasingly worried about the impact on the city's future from a US decision to revoke its preferential status, in response to China's plans for a new s...

Dow Ends With Near 150-point Drop as Investors Tackle U.S.-China Tensions...
Friday, 29 May 2020 03:27 WIB

U.S. stocks ended lower on Thursday as investors faced worries around an escalating U.S.-China spat. The S&P 500 fell 0.2% to 3,030. The Dow Jones Industrial Average shed 148 points, or 0.6%, to ...

Dow rises for a third day, gains 100 points as jobless claims signal economy may be bottoming...
Thursday, 28 May 2020 23:47 WIB

Stocks rose for a third time this week on Thursday as the latest unemployment data signaled the worst of the economic damage from the coronavirus pandemic may be over. The Dow Jones Industrial Averag...

European stocks close higher as EU stimulus plan and U.S. jobs data outweigh China tensions...
Thursday, 28 May 2020 23:25 WIB

European stocks rallied on Thursday as a massive EU stimulus plan and fresh U.S. unemployment data offset concerns over rising U.S.-China tensions. The pan-European Stoxx 600 closed up by 1.8% provis...

LATEST NEWS
Dollar In Narrow Range As Focus Shifts To Trump China Response

The dollar was hemmed into a narrow trading range on Friday as traders™ focus shifted to U.S. President Donald Trump™s response to China™s passage of a national security law for Hong Kong. The yuan pulled away from a record low in offshore...

Tokyo Stocks Open Lower On US-China Tension

Tokyo stocks opened lower on Friday, tracking falls on Wall Street on rising tensions between the US and China. The benchmark Nikkei 225 index was down 0.56 percent or 123.03 points at 21,793.28 in early trade, while the broader Topix index...

Hong Kong stocks hit by China-US stand-off (Review)

Hong Kong stocks sank Thursday as traders grow increasingly worried about the impact on the city's future from a US decision to revoke its preferential status, in response to China's plans for a new security law in the city. The Hang Seng Index...

POPULAR NEWS
Gold Flat As Hong Kong Concerns Offset Reopening Optimism
Wednesday, 27 May 2020 09:45 WIB

Gold traded flat on Wednesday as concerns about the U.S. response to China™s proposed security law for Hong Kong countered optimism about a...

Gold Edges Lower, Losing Shine as Stocks Rally on Easing Lockdowns, Vaccine Hopes
Tuesday, 26 May 2020 19:20 WIB

Gold futures lost some ground Tuesday as global equities rallied in response to easing business lockdowns as the pandemic recedes and encouraging...

Gold prices end lower on growing tensions between the U.S and China over Hong Kong
Thursday, 28 May 2020 01:18 WIB

Gold futures ended lower Wednesday, but of session lows as tensions between the U.S. and China worsened after Secretary of State Mike Pompeo...

Gold falls 1% as risk appetite firms on recovery optimism
Wednesday, 27 May 2020 01:32 WIB

Gold fell over 1% on Tuesday as major economies further eased coronavirus-linked restrictions, fuelling hopes for economic recovery and bolstering...