InvestorQ : Is it good news finally that the Dow Index is showing signs of reviving once again on May 24 2020?
Deepa Salunkhe made post

Is it good news finally that the Dow Index is showing signs of reviving once again on May 24 2020?

Answer
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Juvina Maggie answered.
7 months ago


It may be too early to rejoice but Dow Jones showed a sharp 6% bounce on Tuesday after the US government promised an overall stimulus of $2 trillion. With oil showing a bounce, the European markets surged with energy stocks leading the way. The positive feature was that the dollar stopped strengthening and actually lost value during the day which helped the equity markets to rally sharply. Between mid-February and the third week of March, the global markets have seen nearly $26 trillion getting eroded as most global markets have corrected between 25-35%. The market value loss is twice the loss seen in January 2016 and that is an overhang.