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Stock market news March 17 2020

Stock market news, US stock market, March 17, 2020

A relief rally for the US stock market with Dow closing up more than 1,000 points. “Treasury Secretary Steven Mnuchin told reporters on Tuesday that the administration wants to send checks to Americans immediately, in an effort to mitigate the economic impact of the coronavirus outbreak on small businesses.”. Source: https://finance.yahoo.com/video/americans-cash-now-says-steven-193631132.html

Investors and traders reacted positively to the stimulus package discussed and sent stocks higher. High levels of volatility in the stock market now make stock trading, stock investing even riskier than before.

How stock market, US stocks closed on Tuesday, March 17, 2020-Financial and business news

  • S&P 500: 2,529.19,+143.06(+6.00%)
  • Dow 30: 21,237.38,+1,048.86(+5.20%)
  • Nasdaq: 7,334.78,+430.19(+6.23%)
  • Russell 2000: 1,106.51,+69.09(+6.66%)

Stocks biggest gainers

BioNTech SE (BNTX) was among stock gainers with a stock price at close of 66.60+26.60 (+66.50%).

BNTX daily stock chart
BNTX daily stock chart

Stocks biggest losers

Performance Food Group Company (PFGC) was among stock losers with a stock price at close of 11.56-3.16 (-21.47%).

PFGC daily stock chart
PFGC daily stock chart

Stock investing | Stock trading | Most active stocks

Microsoft Corporation (MSFT) was among the most active stocks with a stock price at close of 146.57+11.15 (+8.23%).

MSFT daily stock chart
MSFT daily stock chart

U.S. Sectors & Industries Performance

All sectors closed higher. Utilities were the best-performing sector +13.11%, Energy was the worst-performing sector +0.72%.

U.S. Sectors & Industries Performance, March 17, 2020
U.S. Sectors & Industries Performance, March 17, 2020

Source: https://eresearch.fidelity.com/eresearch/goto/markets_sectors/landing.jhtml

Stock earnings

Notable earnings today include General Mills (GIS).

Stock market update

All data about stock market, stocks , stock investing, stock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

This report is written by Stavros Georgiadis, CFA , Equity Research Analyst, Investment Strategist.

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