Top Things to Know in the Market on Thursday, March 26th

• 2020-03-26
• Traiding Idea

Over the past month, the stock market has faced many ups and downs, and this week is no exception.

To recap, The stock market crashed again on Monday, despite the Federal Reserve's substantial commitment to buy assets.

On Tuesday, indications out of the Senate that $ 2 trillion stimulus bill was nearing adoption pushed the market up. So the Dow Jones Industrial Average climbed 2113 points. Other indexes also rose well.

Then in the early hours of Wednesday, congressional leaders and the US House of Representatives announced that they had agreed to the massive stimulus bill. Following the deal, the Dow Jones Industrial Average jumped more than 2 percent. Also, the S&P 500 climbed 3.9 percent. The main reason for the Dow Jones jump was the Boeing and Nike stocks, which rose 24 and 9.2 percent, respectively. This is the first time that the Dow Jones and S&P 500 have risen in two consecutive sessions since February. On Wednesday, however, the Nasdaq Composite plummeted 0.5 percent. The shares of Facebook, Apple, Netflix, Google's parent company, and Alphabet, were all down.

In today's trading, Dow Jones and S&P 500 jumped 6% and 5.1%, respectively. But in the final minutes, after Bernie Sanders announced he would not vote on the stimulus bill unless better conditions were set for the $ 500 billion corporate welfare fund, indices lost a large portion of their profits.