About: http://data.cimple.eu/news-article/fe447b89e247307386757f71b8986284998f4ea9aa05fb9e214221cc     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • Wall Street stocks were solidly higher at midday Friday, winning back some of the ground lost in a brutal rout as Washington policymakers reported progress on stimulus to address the coronavirus' economic hit. The gains came as analysts expressed hope the market has bottomed out following a brutal three-week stretch that has ended the longest "bull market" in history after the S&P 500 fell 20 percent from its peak level. The Dow Jones Industrial Average was up 1.2 percent at 21,461.18 at around 1600 GMT, recovering some of the losses in its worst session since 1987, but well below session highs. The broad-based S&P 500 gained 1.2 percent to 2,510.78, while the tech-rich Nasdaq Composite Index advanced 0.9 percent to 7,266.86. Treasury Secretary Steven Mnuchin said President Donald Trump's administration and congressional leaders were "very close" to an agreement on a stimulus package that reportedly will include paid sick leave and small business tax relief. Uncertainty over the stimulus package and sharp partisan rhetoric was an exacerbating factor in Thursday's session, where selling was also spurred by Trump's shock travel ban on Europe and a series of cancelation announcements from professional sports leagues, entertainment companies and others that deepened recession fears. "Calling the exact bottom of the markets is usually difficult to do," said Shawn Cruz, manager of trader strategy at TD Ameritrade. "I do get the sense that the majority of the selling and the downward movement is over, but there's certainly the potential for maybe a little more of an assault." Structuring a federal plan to address the economic hit caused by the outbreak differs from the situation in 2008, where the focus was on shoring up financial institutions, he said. "It's really coming from the ground level of the economy is where they're going to need to find a way to support individuals and businesses through this rough patch," Cruz added. But the pandemic is hitting the travel and hotel industries, as well as energy companies hit by falling oil prices. Several hard-hit stocks gained, including Boeing, up 4.5 percent, Halliburton, up 1.6 percent and Hilton Worldwide, up 2.9 percent. But others that have been beaten down fell further, including Exxon Mobil, down 5.1 percent, Dow, down 4.1 percent and Expedia, down 9.8 percent. jmb/hs
schema:headline
  • US stocks bounce some after worst day since 1987
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software