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%).
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%).
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%).
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%.
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.