Wall Street Closes with Hefty Markups - News-Credit-Mortgage-Coin


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Friday, March 27, 2020

Wall Street Closes with Hefty Markups

Hope for further economic and financial packages drives the US markets. The aviation industry in particular benefits from promised aid packages.

New York investors on Wall Street have seen the record flood of US jobless claims on Thursday as a positive sign. Because they rely on the US government to expand its recently sealed economic stimulus package in view of the alarmingly high numbers from the job market.

The Dow Jones index of standard values gained 6.4 percent and closed at 22,552 points. It was the Dow's strongest three-day winning streak since 1931. The broader S&P 500 gained 6.2 percent to 2,630 points. The Nasdaq technology exchange index rose 5.6 percent to 7797 points.

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