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As on Apr 09, 2020 12:00 AM Your results on : Foreign Markets    
US Market ends higher in volatile trade
09-Apr-2020 (11:32)
The US equity market finished volatile session higher on Wednesday, 08 April 2020, as risk sentiments were upbeat amid optimism that coronavirus infections around the world are nearing a peak and on news that US Senator Bernie Sanders dropped out of the presidential race. At closing bell, the Dow Jones Industrial Average rose 655.78 points, or 2.89%, to 23,309.64. The S&P 500 gained 77.31 points, or 2.91%, to 2,736.72. The Nasdaq Composite added 178.49 points, or 2.26%, to 8,065.75.

The US market commenced trading with firm footing after President Donald Trump said Americans might be getting to the top of the “curve” in relation to the outbreak, and New York Governor Andrew Cuomo said the state's efforts at social distancing were working in getting the virus under control. A slowdown in the number of hospitalizations and intensive care admissions in New York suggest the number of new Covid-19 cases could be easing in the nation's biggest city, though health officials have warned that people can't let down their guard. In Italy, new coronavirus infections have been declining.

Stocks gained an additional lift in the wake of Sanders' decision to drop his campaign for the White House. Sanders' embrace of a Medicare for all healthcare policy would have essentially abolished private insurance and had cast a shadow over healthcare stocks for months. Now that Sanders is out, former US Vice President Joe Biden is now widely considered the man likely to face off against President Donald Trump. Wall Steet considers Biden to be a more market-friendly candidate.

The minutes from two emergency meetings of the Federal Reserve showed officials grew increasingly concerned by the swiftness with which the coronavirus outbreak was harming the U.S. economy and disrupting financial markets, prompting them to take “forceful action.”

Top U.S. Democrats in Congress said on Wednesday they would back the Trump administration's request for $250 billion more in aid for small businesses if it includes additional money for hospitals, local governments and food assistance. The package would add to the $2.3 trillion in stimulus already approved and meant to make up for the wages and incomes lost after Americans were ordered to stay home.

Oil prices rose ahead of a meeting on Thursday between OPEC members and allied producers. Traders hope the meeting could lead to output cuts to shore up prices. Brent crude - the global benchmark- added 5.6 percent to $33.2567 per barrel after falling 3.6 percent on Tuesday. US West Texas Intermediate (WTI) crude rose 9.9 percent to $25.98 a barrel.

Hong Kong Market drops 1.17%
08-Apr-2020 (18:31)
China Market falls as virus fears
08-Apr-2020 (18:23)
Australia Market extends losses
08-Apr-2020 (17:41)
Japan Stocks extend gains on short covering
08-Apr-2020 (17:20)
US Market ends lower in volatile trade
08-Apr-2020 (11:04)
Hong Kong Market rises on drop in new coronavirus cases
07-Apr-2020 (17:58)
China Market rises on slowdown in new coronavirus cases
07-Apr-2020 (17:48)
Australia Market falls on profit booking
07-Apr-2020 (14:16)
Japan Stocks extend gains on on hopes of coronavirus slowdown
07-Apr-2020 (14:05)
US Market surges on slowing virus death toll
07-Apr-2020 (09:25)
Japan Stocks rise on slowing virus death toll
06-Apr-2020 (14:41)
Australia Market rises as coronavirus-related death toll slows
06-Apr-2020 (14:18)
China Market closed on Monday for a holiday
06-Apr-2020 (11:05)
US Market falls after troubling jobs data
06-Apr-2020 (10:20)
Hong Kong Market slips 0.2%
03-Apr-2020 (16:48)
China Market falls on fears over the raging novel coronavirus
03-Apr-2020 (16:41)
Japan Stocks end mixed after weak BOJ Tankan
03-Apr-2020 (16:20)
Australia Market falls on pandemic-driven recession fears
03-Apr-2020 (14:18)
US Market rises on oil price surge
03-Apr-2020 (07:10)
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