Top Things to Know in the Market on Tuesday, March 31th

• 2020-03-31
• Traiding Idea

With the rapid spread of the Coronavirus and the worldwide closure of businesses, the world is expected to face its worst year since the Great Depression of the year 2009.

Global stock markets ignore rising victims of Coronavirus!

US stocks continued to recover on Monday as the US government's stimulus measures increased to fight the negative economic impacts of the Coronavirus.

The Dow Jones Industrial Average climbed 690.70 points or 3.2 % and closed at 22327.48 points. S&P 500 Index jumped 3.4 % and closed at 2626.65, NASDAQ composite finished the day 3.6 % higher at 7774.15.

Stocks of tech companies such as Microsoft, Amazon, and Alphabet have been leading the way higher for Wall Street. Microsoft jumped 7%, and Amazon and Alphabet climbed 3.4 % and 3.3 %, respectively.

Therefore, Dow Jones is now up 20 % from its last week's level, which had fallen sharply due to the Coronavirus.


European stock markets

In London, the FTSE 100 index climbed 0.97 % and closed at 5563.74. French CAC 40 index rose 0.62 % and closed at 4378.51 points.

Also, Germany's DAX 30 index surged 1.9 % to 9851.97 points. In Spain, the IBEX 35 index fell 1.74% to 6659.90.

Asian stock markets

But in Asia, stock indices performed differently. Japan's benchmark Nikkei 225 lost 0.88% and closed at 18,917.01. The Hang Seng in Hong Kong rose 0.97% to 23,399.30.

China's Shanghai Composite advanced 0.26% to 3,683.75. In Australia, the S&P/ASX 200 index fell 2.02% and ended at 5,076.83. Among other major Asian indices, TOPIX (Tokyo Stock Price Index) was down.