Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

US stocks fall after yesterday's strong gains

Economies.com
2020-03-25 14:14PM UTC

US stocks fell on Wednesday, as the market absorbed yesterday's record gains.

 

This came amid global markets anticipation for the Congress vote on the $2 trillion economic stimulus bill, which is aimed at providing support for US companies and families to ease the coronavirus impact.

 

Wall Street drew support from signs on a deal between the White House and US Senators on the package.

 

Data showed today that the US durable goods orders rose 1.2% during February.

 

The US stocks yesterday scored large gains, as Dow Jones jumped more than 11% to post it largest daily gains since the 1933 Great Depression.

 

As for stocks, Dow Jones slipped 0.4% or 78 points to 20,627 as of 14:11 GMT, Nasdaq fell 1.6% or 123 points to 7,295, and S&P 500 dipped 1.2% or 29 points to 2,416.

American Markets News

Americas News

Markets

Wall Street ends lower on expectations of no Fed rate cut before 2027
2026-03-19 20:41PM UTC
US stocks closed lower on Thursday, weighed down by declines in shares of companies such as Micron ...
Americas News

Markets

Wall Street ends sharply lower as the Fed holds rates amid war, inflation concerns
2026-03-18 21:25PM UTC
Wall Street closed sharply lower on Wednesday after the US Federal Reserve kept interest rates ...
Americas News

Markets

Wall Street edges up ahead of Fed's decision, Middle East tensions
2026-03-17 16:42PM UTC
Major Wall Street indices posted modest gains on Tuesday as investors await the Federal ...