Author Topic: Stocks jump on hopes for central bank response to coronavirus outbreak  (Read 567 times)

0 Members and 1 Guest are viewing this topic.

Online mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 395,713
  • Let's Go Brandon!
Stocks jump on hopes for central bank response to coronavirus outbreak
by Jay Heflin
 | March 02, 2020 10:19 AM



U.S. stocks rose as markets opened on Monday following a sell-off last week, with the Dow Jones Industrial Average up 0.93%, as investors hoped for a coordinated monetary policy response from central banks around the world to counteract the economic fallout from the coronavirus outbreak.

The S&P 500 and Nasdaq were also in positive territory, 1.16%, and 1.24%, respectively.

Meanwhile, the coronavirus outbreak continues to threaten markets, as infections have been reported on both coasts of the country. Late last week, cases in Washington, California, and Oregon were announced. Over the weekend, cases of the virus were announced in Rhode Island and New York. On Sunday, the second death in the United States was announced because of the virus.

Earlier on Monday, the Organization for Economic Cooperation and Development said that governments need to act swiftly to overcome the virus and its effect on the economy. It projects that global economic growth could fail anywhere from half of a percentage point to 2.4% “and could push several economies into recession.”

https://www.washingtonexaminer.com/news/stocks-jump-on-hopes-for-central-bank-response-to-coronavirus-outbreak
Proud Supporter of Tunnel to Towers
Support the USO
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34

Offline Applewood

  • Hero Member
  • *****
  • Posts: 10,361
Dow closed up 1,293 points per CNBC:

https://www.msn.com/en-us/money/markets/dow-roars-back-from-coronavirus-sell-off-with-biggest-gain-since-2009-surges-51percent/ar-BB10BvPg?ocid=spartanntp

But experts are saying the crisis is not necessarily over and the markets could drop again.

Offline musiclady

  • Hero Member
  • *****
  • Posts: 22,682
Dow closed up 1,293 points per CNBC:

https://www.msn.com/en-us/money/markets/dow-roars-back-from-coronavirus-sell-off-with-biggest-gain-since-2009-surges-51percent/ar-BB10BvPg?ocid=spartanntp

But experts are saying the crisis is not necessarily over and the markets could drop again.

Up and down for the next few months...
Character still matters.  It always matters.

I wear a mask as an exercise in liberty and love for others.  To see it as an infringement of liberty is to entirely miss the point.  Be kind.

"Sometimes I think the Church would be better off if we would call a moratorium on activity for about six weeks and just wait on God to see what He is waiting to do for us. That's what they did before Pentecost."   - A. W. Tozer

Use the time God is giving us to seek His will and feel His presence.

Offline Cyber Liberty

  • Coffee! Donuts! Kittens!
  • Administrator
  • ******
  • Posts: 81,920
  • Gender: Male
  • 🌵🌵🌵
Dow closed up 1,293 points per CNBC:

https://www.msn.com/en-us/money/markets/dow-roars-back-from-coronavirus-sell-off-with-biggest-gain-since-2009-surges-51percent/ar-BB10BvPg?ocid=spartanntp

But experts are saying the crisis is not necessarily over and the markets could drop again.

The "experts" managed to force out all the small investors with their induced panic last week, and now that the little people have taken their haircut it's time for the institutional investors to take advantage of the resulting fire sale.  We just saw the bigs take out the smalls.

Follow the money.
For unvaccinated, we are looking at a winter of severe illness and death — if you’re unvaccinated — for themselves, their families, and the hospitals they’ll soon overwhelm. Sloe Joe Biteme 12/16
I will NOT comply.
 
Castillo del Cyber Autonomous Zone ~~~~~>                          :dontfeed:

Online IsailedawayfromFR

  • Hero Member
  • *****
  • Posts: 19,335
Dow closed up 1,293 points per CNBC:

https://www.msn.com/en-us/money/markets/dow-roars-back-from-coronavirus-sell-off-with-biggest-gain-since-2009-surges-51percent/ar-BB10BvPg?ocid=spartanntp

But experts are saying the crisis is not necessarily over and the markets could drop again.
What 'crisis' are they talking about?

The markets swings all the time and, with the heady heights it came to earlier in the year, it swings more than typical.

The only crisis I know of is those who sold off for losses so other 'experts' can swoop in and buy cheaply.

No one needs to sell off in one week, so steady as she goes is alright instead of some panicking.
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington

Online libertybele

  • Cat Mod
  • *****
  • Posts: 61,517
  • Gender: Female
  • WE are NOT ok!
Until there is a vaccine and the MSM stops fueling a panic we're still going to see a lot of volatility.  Perhaps we'll see some large dips which may be buying opportunities.  I personally am staying put for now. 
I Believe in the United States of America as a Government of the people, by the people, for the people; whose just powers are derived from the consent of the governed; a democracy in a republic; a sovereign nation of many sovereign states; a perfect union one and inseparable; established upon those principles of freedom, equality, justice and humanity for which American patriots sacrificed their lives and fortunes.  I therefore believe it is my duty to my country to love it; to support its Constitution; to obey its laws to respect its flag; and to defend it against all enemies.