Stock Market Today: Dow, S&P Live Updates for March 22, 2020 - Bloomberg:
U.S. equity futures reversed a decline and Treasuries extended an advance after the Federal Reserve on Monday announced a massive second wave of initiatives to support the shuttered American economy. The dollar fluctuated and European stocks fell.
S&P 500 and Nasdaq 100 futures had earlier dropped to their daily limits, but they gradually recovered before the Fed news helped them erase all their losses. The central bank said it will buy an unlimited amount of bonds to keep borrowing costs low and set up programs to ensure credit flows to corporations and state and local governments. Bloomberg’s dollar index swung from a loss to a gain and back.
The Stoxx Europe 600 declined as the continent’s leaders scrambled to enforce more curbs on people’s movements and Italy began shutting most industrial production. Core European bonds climbed. Equities fell across most of Asia, where India’s benchmark plunged a record 13% while the rupee sank to the lowest ever amid moves to lock down widespread areas of the country. Brent crude extended losses after its 20% decline last week.
U.S. equity futures reversed a decline and Treasuries extended an advance after the Federal Reserve on Monday announced a massive second wave of initiatives to support the shuttered American economy. The dollar fluctuated and European stocks fell.
S&P 500 and Nasdaq 100 futures had earlier dropped to their daily limits, but they gradually recovered before the Fed news helped them erase all their losses. The central bank said it will buy an unlimited amount of bonds to keep borrowing costs low and set up programs to ensure credit flows to corporations and state and local governments. Bloomberg’s dollar index swung from a loss to a gain and back.
The Stoxx Europe 600 declined as the continent’s leaders scrambled to enforce more curbs on people’s movements and Italy began shutting most industrial production. Core European bonds climbed. Equities fell across most of Asia, where India’s benchmark plunged a record 13% while the rupee sank to the lowest ever amid moves to lock down widespread areas of the country. Brent crude extended losses after its 20% decline last week.
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