Friday, March 20, 2020

Are Stocks Settling Down?

We had a rare occurrence on Wall Stret yesterday: A relatively normal day for the stock market. The Dow Jones industrial average swung more than 1,200 points from its low to its high point, but in the end, it finished up just under 1 percent, or 188 points. It was the first time since March 6 that the index closed within 1,000 points from where it opened.

The S&P 500 closed up 0.5 percent, also by far its most modest finish since the start of the month. The Nasdaq Composite, which was the best performer of the day, ended up 2.3 percent.

Leading the way yesterday was the energy sector, which gained about 5 percent on the day. It was bolstered by the fact that U.S. oil prices spiked by 24 percent, marking a record one-day percentage gain.

No comments:

Post a Comment