Stock Market News For Mar 3, 2020
Zacks Investment Research | Mar 02, 2020 09:50PM ET
Major benchmarks rebounded on Monday as investors expect central bank to ease monetary policy and increase liquidity to cushion impacts of coronavirus over the global economy.
The Dow Jones Industrial Average (DJI) rose 1,293.96 points, or 5.1%, to close at 26,703.32 and the S&P 500 added 136.01 points, or 4.6% to close at of 3,090.23. While, the Nasdaq Composite Index closed at 8,952.16, gaining 384.80 points, or 4.5%. The fear-gauge CBOE Volatility Index (VIX) decreased 0.9% to close at 33.12. Advancing issues outnumbered declining one for a 4.32-to-1 ratio on the NYSE and a 2.69-to-1 ratio on the Nasdaq favored advancers.
How Did the Benchmarks Perform?
The Dow made its largest one-day percentage rise since March 23, 2009, on Monday. All the three major benchmarks rose more than 4%, however, the S&P 500 and the Nasdaq’s rally was led by a 9.3% rise in Apple Inc.’s (NASDAQ:AAPL) shares. Apple that carries a Zacks Rank #2 (Buy) took its largest one-session leap since 2008. You can see Original post
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