Stock market news for US stock market, March 2, 2020
A stock market rally for the first trading session of March 2020. All major US stock market indices closed higher more than 4.0%. “Dow jumps 1,290 points in biggest-ever point gain.
U.S. stocks skyrocketed on Monday, with the Dow setting a single-day point record in a broad-based rebound, after mounting coronavirus fears sent global markets into a week-long swoon.
The powerful rally sent the blue-chip Dow index soaring by more than 1,290 points, which beat the previous record set in December 2018 and snapped a brutal seven-session losing streak. On a percentage basis, the S&P 500 Index and Nasdaq both saw their biggest move in over a year.” Source : https://finance.yahoo.com/news/stock-market-news-live-updates-march-2-2020-003013975.html
How stock market, US stocks closed on Monday, March 2, 2020-Financial and business news
- S&P 500: 3,090.23,+136.01(+4.60%)
- Dow 30: 26,703.32,+1,293.96(+5.09%)
- Nasdaq: 8,952.17,+384.80(+4.49%)
- Russell 2000: 1,518.49,+42.06(+2.85%)
Stocks biggest gainers
Forty Seven, Inc. (FTSV) was among stocks biggest gainers closing at
Stocks biggest losers
Guardant Health, Inc. (GH) was among stocks biggest losers closing at
Stock investing | Stock trading | Most active stocks
Apple Inc. (AAPL) was among most active stocks closing at 298.81+25.45 (+9.31%).
U.S. Sectors & Industries Performance
All sectors closed higher, as there was a strong demand for stocks. Utilities was the best performing sector +5.86%, Industrials was the worst performing sector +2.75%.
Notable stock earnings today include Target Corporation (TGT), AutoZone (AZO) and Kohl’s (KSS) before market open, and Nordstrom (JWN) after market close.
Stock market update
This report is written by Stavros Georgiadis, CFA , Equity Research Analyst, Investment Strategist.