Stock market today turned positive and closed higher, Dow gained more than 150 points
A choppy trading session today, but at the close,https://www.thestockmarketontheinternet.com/the-fed-today-has-made-the-stock-market-be-positive-paring-previous-losses/ the US stock market was higher. The main catalyst was news that ” the Federal Reserve said it would begin purchasing individual corporate bonds as part of its emerging lending program to inject liquidity into the virus-stricken economy.”
Stock market close today
S&P 500: 3,066.59,+25.28(+0.83%)
Dow 30: 25,763.16,+157.62(+0.62%)
Nasdaq: 9,726.02, +137.21(+1.43%)
Russell 2000: 1,419.61, +31.92(+2.30%)
At 4:21 Pm, ET time today the crude oil price was higher and gold price was lower.
Crude Oil: 37.08,+0.82(+2.26%)
Gold: 1,733.60, -3.70(-0.21%)
The 10-Yr Bond yield at 4:23 PM, ET time was at 0.7020,+0.0030(+0.43%).
Hertz Global Holdings, Inc. (HTZ) stock plunged more than 30% today, with a stock price at the close of 1.8800-0.9500 (-33.57%).
HTZ stock news
“Hertz Global Holdings Inc. warned prospective new stock investors they’re all but certain to be wiped out as the car renter proceeds with an improbable share sale in the midst of its bankruptcy.
Equity holders will not see a recovery from any bankruptcy plan unless those with more senior claims, including bondholders, are paid in full, Hertz said as it offered as much as $500 million of common stock. That would require “a significant and rapid and currently unanticipated improvement in business conditions,” the company said.
Hertz shares plunged as much as 37% on Monday, though the stock is still well above where it initially traded after the company filed for Chapter 11. A bankruptcy court judge signed off on the equity sale last week after the company pledged to alert buyers about the potential they could be wiped out.”
Urban One, Inc. (UONE) stock surged today with gains of more than 200%, closing at 6.54+4.70 (+255.43%). Brickell Biotech, Inc. (BBI) stock closed higher and was among trending stocks today, with a stock price of 1.8900+0.6300 (+50.00%).
UONE stock chart
Stock market data: Yahoo Finance