The US stock exchanges continued their recent recovery today, marking the third straight profit day in a row. Terrifying US job market data did not worry investors on the day of the report. By contrast, investors took a positive view of the political agreement on an economic stimulus package to support the economy in the coronavirus crisis.
The Dow Jones climbed a whopping 6.38 percent or 1,351.62 points to 22,552.17 units. After the world’s best-known stock market barometer dropped to its lowest level since November 2016 at the beginning of the week, it has now recovered by a remarkable more than 20 percent in three days.
According to the financial information service CNBC, this is the strongest three-day performance since 1931. Since the beginning of the year, the Dow has nevertheless fallen by around 21 percent. The S & P-500 improved 6.24 percent or 154.51 points to 2,630.07 points and the NASDAQ Composite rose 5.60 percent or 413.24 units to 7,797.54 points.
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