U.S. Daily Market Review 20.03.20

U.S. stock indexes are into partly recovery in mid-session today, as investors weighed the rally of the global death toll due to COVID-19 against efforts by governments and central banks to fight against the negative effects of the economy.

The Dow Jones Industrial Average dropped 300 points, or 1.5%, at 19,79.

The S&P 500 index fell 2,354, down 53 points or 2.2%.

The Nasdaq Composite Index tumbled 117 points to reach 7,031, a loss of around 1.5% after hitting a high at 7,354.

The state of New York has ordered staff at all “non-essential” businesses to close down and stay at home.

The move expands earlier restrictions and comes as California on the west coast said its nearly 40 million residents should stay at home.

This week Amazon reported its plans to secure 100,000 new positions to handle an influx of e-commerce orders and deliveries as more Americans still remain at home.


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