U.S. Daily Market Review 19.03.20

The Fed reported that will be buying $75 billion in Treasurys today and tomorrow as the Fed extended its plan to preserve the markets flowing smoothly.

The coronavirus crisis has negatively impacted the longest U.S. marked rally and stimulated the economy into the start of a short retreat.

The number of confirmed COVID-19 cases in the United States jumped above 10,000 patients, which is a surge of over 100%.

New York Gov. Andrew Cuomo announced today in the state of NY there are 1,769 new cases in the last day, resulting in the total number to 4,152.

U.S. oil prices advanced 20%, managing to recover some of the declines from a sell-off that drove prices to near 20-year bottoms.

Officially unemployed benefits soared to 281,000 last week. This represents an incline from last week’s 211,000, which was unrevised from the forecasts according to the Labor Department. This is peak value since Sept. 2, 2017.

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