Dow Jones New York Stock Exchange
Dow Jones index continued rallying as investors cheered the promising data from Europe. Several European countries, including Belgium and Italy, have started deliberating on easing the strict lockdowns that have been there since last month. In addition, investors are pleased that the White House and Congress are deliberating on a new round of stimulus that could be worth an additional $2 trillion.
The sharp rise in the Dow Jones is taking some investors by surprise. However, the stock trading pattern we see today is similar to what we saw in the 2003 SARS epidemic, and earlier in the year when coronavirus infections peaked in China. Login to read the rest of the article.
Dow Jones futures
The Dow Jones index declined by more than 2% mostly because of the falling oil prices, rising risks of a deeper recession in the United States, and the ongoing corporate earnings season. Falling Oil Prices Drag Dow Jones As we reported earlier today, the price of United States oil dropped to the lowest level in more than two years. This decline happened as investors continued to question the deal that was signed between OPEC and Russia in the previous week. The key concern is that the deal will not help to rebalance oil prices because of the lack of demand. In fact, according to analysts, oil storage in the United States is running out. Just last week, the EIA reported that inventories had jumped to an all-time high of 19.5 million barrels.