U.S. stocks recovered some losses today and oil prices soared, however, the modest gains were not enough to offset the damage done by a weeks-long sell-off by theothersarahh
U.S. stocks recovered some losses on Thursday and oil prices soared, though the modest gains were not enough to offset the damage done by a weeks-long sell-off.
The Dow Jones Industrial Average was up 0.8%, or 170 points. The S&P 500 gained 0.3% while the Nasdaq gained 2.3%.At a press conference on Thursday afternoon, President Trump said he would considerfor companies who receive bailouts under his administration’s proposed $1 trillion stimulus plan. Central banks are also continuing to act in order to cushion the economic blow of the coronavirus outbreak: yesterday, the European Central Bank announced an $818 billion bond-buying program and the Federal Reserve said it will act to shore up prime money market funds.
. “Every day, a new area of distress pops up and every day, they’re coming up with a new program or rebooting an old program.”
France Dernières Nouvelles, France Actualités
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