Wall Street set to bounce from three-year lows

The S&P 500 and Dow Jones indexes closed about 3% lower on Monday on fears of deep and lasting recession as entire nations shut down to curb the coronavirus pandemic. The severity of the spread of COVID-19 and the expectations of aggressive stimulus measures have been mirrored in financial markets with the S&P 500 gaining more than 9% in one session only to plunge 12% the following day. Hopes are now running high of the U.S. Senate passing the stimulus bill, which is expected to provide financial aid to Americans out of work because of the …read more

Source:: Yahoo Finance


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