March 2, 2020
EVENING EDITION
Spin Control
Wall Street Sets New All-Time, Single-Day Record
Wall Street came roaring back after one of the worst weeks since the recession.
The Dow, S&P 500, and Nasdaq all saw their biggest one-day gains in history today.
The Dow rose over 1,294 points or 5 percent in what is the biggest point gain ever. Ditto for the S&P 500 and Nasdaq from a point gain of 136 and 384 points, respectively, reported Fox Business.
News of the threat of coronavirus waning in China, along with world banks announcing measures to help bolster the global economy, gave a boost to investors’ confidence.
At the same time, President Trump met with pharma-tech representatives to push for the development of a coronavirus vaccine.
“We’ve asked them to accelerate whatever they’re doing in terms of the vaccine, absolutely,” said Trump.
Stay up to date on this story at the link below:Read More
Additional Insight
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This has been John W Denton for The Local Conservative
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