Coronavirus: US stocks closed up 9 per cent as Trump declares national emergency
U
S stocks closed up nine percent on Friday (local time) as President Donald Trump declared a national emergency to combat the coronavirus outbreak.
The Dow Jones Industrial Average, the broadest equities gauge on the New York Stock Exchange, settled up 9.4.
The S and P500, barometer for the top 500 US stocks, rose nine percent while the tech-heavy Nasdaq Composite gained 9.4 per cent.
All three indexes were still down about 20 per cent or more from their February highs, placing them into continued bear markets.
โ๏ธ Coronavirus: US stocks closed up 9 per cent as Trump declares national emergency
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