InvestorQ : Why did the Dow Jones Index jump so sharply on 06 April? How will it impact Indian markets on 07 April trading?
Dhwani Mehta made post

Why did the Dow Jones Index jump so sharply on 06 April? How will it impact Indian markets on 07 April trading?

Answer
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Khushi Patel answered.
6 months ago


After a tepid week of corrections, the Dow Jones and the S&P 500 index saw a sharp bounce back on 06 April. You will recollect that Indian financial markets were shut on 06 April account of Mahavir Jayanti. The Dow showed a 7% rally as there were hopes that the Coronavirus numbers were beginning to dip. Of course, the problem is already serious with more than 10,500 deaths in the US with more than 3.5 lakhs afflicted. The Dow Jones Industrial Average (DJIA) was up over 1627 points on Monday. There have been global fears that the spreading Coronavirus syndrome could lead to deep cuts in growth. However, once the virus impact reduces, the expectation is that the combined fiscal and monetary stimulus should start working. The SGX gives positive cues on 07 April but a lot will depend on how this COVID-19 is managed in India.