The overnight action followed a steep rebound in the previous session with the Dow jumping 1,600 points.
. New York state, the hardest-hit region in the U.S., also reported its first decline in daily confirmed deaths on Sunday.
"The apex in New York state is likely imminent as opposed to one month out," Marko Kolanovic, JPMorgan's global head of macro quantitative and derivatives strategy, said in a note on Monday. "Big data indicated very early on that social distancing is working overall."fell 3.3% to 45.24, the lowest level in about two weeks. Three weeks ago, the VIX hit a record high of 82.69, surpassing the peak level during the financial crisis.
Still, the cases in the U.S., the world's most affected country, topped 347,000 with at least 10,000 deaths, according to data from Johns Hopkins University. "We still believe that the odds are quite high that the lows from March will be retested and probably undercut before this bear market comes to an end," Matt Maley, chief market strategist at Miller Tabak, said in a note on Monday.
Stocks are still in bear-market territory with the S&P 500 about 21.5% off its record high. Many on Wall Street believe stocks haven't fully priced in the potential corporate earnings collapse as the coronavirus outbreak have virtually shut down the global economy.for exclusive insights and analysis, and live business day programming from around the world.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stock market live updates: Dow futures up 750, Nasdaq futures up 4%, bottom in?Stocks were set to jump to start the holiday-shortened week as positive headlines eased investors after last week's gloomy jobs numbers.
Lire la suite »
Stock market live updates: Dow rises 1,200, up 20% from low, Yellen's shocking forecastStocks ripped higher to start the holiday-shortened week as a combination of positive headlines eased investor angst after last week's abysmal March jobs numbers.
Lire la suite »
US stock futures rise and oil drops after OPEC meeting postponedUS stock futures were up Sunday evening. But oil futures fell, a sign that investors may be feeling pessimistic that a resolution to the price war between Saudi Arabia and Russia will really be coming this week.
Lire la suite »
Everything You Need to Stock an at-Home Bar (Minus Booze), According to ExpertsThirty-one bartenders tell us about the essential gear for any cocktail-lover’s home bar.
Lire la suite »
If Companies Aren’t Buying Their Own Stock, Who Is?Companies including Hilton, Chevron, JPMorgan, AT&T and Carnival have suspended their share-repurchase plans in recent weeks, removing a crucial pillar of support for the stock market as it struggles to find its footing after a record stretch of turbulence.
Lire la suite »