DJIA24465.16
LIVE0(0.00%)
NDX9413.99
LIVE0(0.00%)

Wall Street Rises on Fed's $2.3 Trillion Backstop


Thursday, 9 April 2020 23:42 WIB

DOW JONESS & P 500Wall StreetIndeks NasdaqSahamAS


c_740_198_16777215_00_images_assets_USMARKET_0financial-markets-20180322.jpg

Wall Street rose for the third time in four days on Thursday as the U.S. Federal Reserve rolled out a massive $2.3 trillion program to bolster local governments and businesses, while oil prices gained on expectations of a drastic cut in output.

In what is likely to be its largest rescue effort ever, the Fed said it would work with banks to offer 4-year loans to companies of up to 10,000 employees and directly buy bonds of states and more populous counties and cities.

At 11:48 a.m. ET the Dow Jones Industrial Average was up 461.04 points, or 1.97%, at 23,894.61, the S&P 500 was up 50.16 points, or 1.82%, at 2,800.14 and the Nasdaq Composite was up 70.01 points, or 0.87%, at 8,160.92.

Source : Reuters


RELATED NEWS

  • Hong Kong stocks finished Monday with small gains, reversing a morning sell-off, but investors remain on edge after a weekend of protests in the city against a controversial security law proposed by B...
  • Tokyo stocks closed higher on Monday on expectations the state of emergency will be lifted for the whole nation including economic powerhouse Tokyo. The benchmark Nikkei 225 index rose 1.73 percent o...
  • Hong Kong stocks started Monday with more losses, extending a sharp drop at the end of last week, after the city saw fresh street clashes over a controversial security law proposed by China. The Hang...
  • Tokyo stocks opened higher on Monday on expectations the state of emergency will be lifted for the whole nation including economic powerhouse Tokyo. The benchmark Nikkei 225 index was up 1.37 percent...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.