Top Things to Know in the Market on Tuesday, April 7th

• 2020-04-07
• Traiding Idea

Dow Jones jumped 1,600 points

As the number of new cases of coronavirus decreases, U.S. stocks returned on Monday from sharp losses in the previous week.

The Dow Jones Industrial Average jumped 1627.47 points, or more than 7%, to 2,2679.99. The S&P 500 rose 7 % to close at 2,663.63, while the Nasdaq composite gained 7.3 % to close at 7,913.24.

Most stock growth was in the final minutes of the trading session, with the Dow Jones briefly jumped more than 1,700 points.

In today's trading, Boeing's stock surged more than 19 % to lead the Dow Jones higher. Technology companies such as Raytheon, American Express, and Visa each rose more than 11 %.

European stock markets

The decline in coronavirus deaths has made European and Asian stock indices performed well.

The British pound has also surged despite concerns about the health of the country's prime minister. Boris Johnson is battling the coronavirus and has been admitted to the intensive care unit.

In London, the FTSE 100 index climbed 3.08 % and closed at 5,582.32. French CAC 40 index rose 4.61% and closed at 4,346.18 points.

Also, Germany's DAX 30 index surged 5.77 % to 10,075.17 points. In Spain, the IBEX 35 index jumped 3.99% to 6,844.30.

Asian stock markets

In Asian stock markets, indices performed well.

Japan's benchmark Nikkei 225 rose 2.01% and closed at 18,950.18. The Hang Seng in Hong Kong was up 1.41% to 24,084.18.

China's Shanghai Composite surged 2.3% and ended at 3,798.79. In Australia, the S&P/ASX 200 index fell 0.65% to 5,252.30. Among other major Asian indices, TOPIX (Tokyo Stock Price Index) was up.

The Australian Reserve Bank interest rate meeting was also held today. There is no change in interest rates of 0.25%.

Oil market

In the oil market today, the price trend was up.

U.S. West Texas Intermediate ( WTI ) futures rose 2.68%, to settle at $26.74 per barrel. Brent crude futures surged 2.45%, to $33.86 per barrel.