Dow Jones up 2.4%, Boeing jumps 24%
After sharp increases, the indices have been on a mixed trend for the last half hour in the background to report that a number of Democrats do not support the rescue package. The Dow Jones earlier completed a 17% jump in two days. Teva down 3.5%, AudioCodes up 4.8%, American Airlines added 10% expecting government bailout.
Wall Street trading day closed a mixed trend in the background for reports of difficulties in approving the US government’s rescue plan. In the background of trade, reports of the Corona virus continue to falter. At the same time, the actions of governments and central banks are expected to continue to provide a backdrop for risk assets. Recall that following the Fed’s dramatic announcement last Monday – the bank is becoming a major and significant buyer for almost all assets in the market.
At the same time, US lawmakers are expected to vote on the bailout package for the US economy today. Earlier today, a $ 2 trillion bailout package was agreed. Will be passed on to each child.
In the commodity market, oil rose 1.8% to trade at $ 24.4 a barrel. Gold is currently down 1.5% and is trading at $ 1,640 an ounce.
In the center
Airlines and cruises have skyrocketed tonight in anticipation of US government incentives. In this context, we note American Airlines (NYSE: AAL), Delta Airlines (NYSE: DAL), Southwest (NYSE: LUV), United Airlines (NYSE: UAL), Carnival Cruise (NYSE: CCL) and Royal Caribbean (NYSE: RCL) ).
Target (NYSE: TGT) stock fell 9.5% in value and concentrated on interest after the company announced today that it is canceling its forecasts for 2020 following the Corona virus. The company argues that basic food sales and commodities have soared, but the company’s profits could drop significantly as costs increase.
The stock of clothing and sports equipment Nike (NYSE: NKE) jumped 9.2% after rising 15% during trading last night. The company did show a sharp drop in earnings in the last quarter, but noted that it recognizes recovery in the Chinese market
Dow Jones up 2.4%, Boeing jumps 24% - /10
After sharp increases, the indices have been on a mixed trend for the last half hour in the background to report that a number of Democrats do not support the rescue package. The Dow Jones earlier completed a 17% jump in two days.