U.S. equities markets tried to stage a rally for the second day in a row amid signs that the federal government’s stimulus efforts are advancing and will soon reach hard-hit consumers and businesses.
Early Friday, Dow and NASDAQ futures trading on Friday pointed to hopeful signs. The Dow Jones Industrial Average sank into the red about 15 minutes into the trading session but then rebounded. The NASDAQ held the line with about a 1% gain over Thursday’s closing.
Thursday’s trading session delivered a slight respite to investors after three days of brutal double-digit declines that have hammered media giants that are particularly vulnerable to coronavirus-related disruptions.
Most major media companies were seesawing between slight gains and single-digit losses in early trading.
More to come
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March 20, 2020 at 09:17PM
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Markets Try to Rally For Second Day as Pandemic Stimulus Plans Advance - Variety
"try" - Google News
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