Morgans Financial Limited

Morgans AM: Wednesday 18 March 2020


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US markets rebounded from their worst session in three decades, with investor sentiment buoyed by White House plans that could inject US$1 trillion into the U.S. economy to cushion the blow of the coronavirus   - Dow up +1,049-points or +5.20% , erasing more than a third of Monday’s (16 March) plunge after briefly dropping below <20,000 for the first time since February 2017 intra-session. . The broader S&P500 gained +6.00% although airlines remained under pressure (United Airlines Holdings Inc down -13.53%, American Airlines Group -2.14% and Delta Air Lines Inc -11.37%). and the technology-centric NASDAQ +6.18%. Amazon.com Inc rose +%. with an analyst at Bank of America noting  the e-commerce giant will benefit from the global move to keep people working from home or shopping online to limit the spread of the coronavirus.
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