bfishadow via flickr
On Wednesday, stocks restored positions after the sharp losses of the previous session. The Dow Jones Industrial Average jumped 1,086.25 points, or 4.98%, to 22878.45 points. Growth in percentage terms was the highest since March 23, 2009, when the index added 5.8%. The S&P 500 experienced the best day since March 2009, rising 116.6 points (4.96%) to 2467.7 points. Also, Wednesday was the best day for the Nasdaq Composite since March 23, 2009. The index gained 361.44 points (5.84%) and reached 6,554.36 points.
Wednesday was also marked by the largest post-Christmas rally of American stocks in history. Shares of the retail and energy sector were the growth leaders.
According to the results of trading on Monday, the Dow Jones index lost 2.91%, the S&P 500 broad market index fell by 2.71%. The Nasdaq Composite Index dropped 2.21%. Stock indicators have updated lows since September last year.
An emergency meeting with leading US regulators, which Finance Minister Steven Mnuchin convened on Monday, and negotiations with the leaders of six large banks on the eve could not reduce investor concerns. Anxiety intensified after reports that US President Donald Trump was discussing the dismissal of Federal Reserve Chairman Jerome Powell.
Banks reported that they "have enough liquidity for lending and operations in the market and that none of them is in a margin call situation when losses require urgent cash injections." However, this did not help the market regain its position.
On Tuesday, the American stock exchanges were closed due to the celebration of Christmas.
Events are unfolding on the background of the suspension of government work, which began last week due to budget contradictions. Trump insists on financing construction of a wall on the border between the United States and Mexico, which is opposed by the Democrats. Political uncertainty is expected to continue to influence investor sentiment.
source: bloomberg.com
Wednesday was also marked by the largest post-Christmas rally of American stocks in history. Shares of the retail and energy sector were the growth leaders.
According to the results of trading on Monday, the Dow Jones index lost 2.91%, the S&P 500 broad market index fell by 2.71%. The Nasdaq Composite Index dropped 2.21%. Stock indicators have updated lows since September last year.
An emergency meeting with leading US regulators, which Finance Minister Steven Mnuchin convened on Monday, and negotiations with the leaders of six large banks on the eve could not reduce investor concerns. Anxiety intensified after reports that US President Donald Trump was discussing the dismissal of Federal Reserve Chairman Jerome Powell.
Banks reported that they "have enough liquidity for lending and operations in the market and that none of them is in a margin call situation when losses require urgent cash injections." However, this did not help the market regain its position.
On Tuesday, the American stock exchanges were closed due to the celebration of Christmas.
Events are unfolding on the background of the suspension of government work, which began last week due to budget contradictions. Trump insists on financing construction of a wall on the border between the United States and Mexico, which is opposed by the Democrats. Political uncertainty is expected to continue to influence investor sentiment.
source: bloomberg.com
