Press "Enter" to skip to content

Dow poised to open higher after worst day since financial crisis

U.S. stock futures and oil prices recovered Tuesday, a day after crude suffered a historic rout while the broader stock market recorded its worst day since the financial crisis. 

Dow futures jumped 900 points, after plunging more than 2,000 points on Monday, A free fall in oil prices and mounting coronavirus cases rattled jittery investors a day earlier and pushed major indexes to the edge of a bear market.

Standard & Poor’s 500 futures climbed 4% Tuesday, after posting their worst one-day percentage drop since October 2008.

Stock futures received a boost overnight after President Donald Trump said late Monday he will seek financial relief for workers and businesses affected by the coronavirus outbreak, as new cases were reported across the country.  The number of confirmed worldwide cases was approaching 115,000 early Tuesday. The death toll from the virus has now topped 4,000 — including 26 in the U.S. 

Source link

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *