InvestorQ : Can we take some relief from the fact that the Dow has finally bounced back on 17 March trading?
Rutuja Nigam made post

Can we take some relief from the fact that the Dow has finally bounced back on 17 March trading?

Answer
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Arti Chavan answered.
7 months ago


Dow showed some positive signs on Tuesday. After a tumultuous Monday, Dow had a fairly positive Tuesday as the index ended over 1000 points higher. The positivity in the index was largely driven by the proposed stimulus by Donald Trump. He has now asked the Federal Reserve to add another $900 billion of stimulus to help the economy recover from near-zero growth levels. The Dow had already corrected close to 30% from its peak levels and had taken a hit after the economy showed signs of flat growth. Last week, the US Fed had cut rates back to the 2008 lows of 0.00-0.25%, which had been interpreted by markets as an admission of slowdown. That had led to a vertical fall in the markets.