Stocks Jump for a Second Day, Dow Gains More Than 700 Points
Tuesday, 7 April 2020 23:44 WIB |
MARKET UPDATE |SahamASIndeks NasdaqS & P 500DOW JONES
Stocks rose on Tuesday, building on the strong gains from the previous session, as investors grew more optimistic about a decline in new coronavirus cases.
The Dow Jones Industrial Average traded more than 767 points higher, or 3.4%. The S&P 500 gained 3% while the Nasdaq Composite climbed 2.3%. The major averages were well off their session highs, however. Earlier in the day, the Dow was up more than 800 points.
"Investors chose to accentuate the positives, as they have been mostly doing since the bear-market low, said Ed Yardeni, president and chief investment strategist at Yardeni Research, in a note to clients. "In our opinion, we are in the midst of a Great Rebalancing away from bonds and into stocks.
Source : CNBC
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