Top Things to Know in the Market on Wednesday, March 25th

• 2020-03-25
• Traiding Idea

The stock market, which had its worst week since the financial crisis of the year 2008 and was facing its most challenging month since the Great Depression of the year 1931, Started this week with stock selling off again.

The reason for the recent weakening of the stock market is that the Senate failed to pass a $2 trillion stimulus package bill. Then on Monday, after further negotiations, Signs emerged that the secretary of the Treasury and the Senate minority leader had apparently got close to an agreement.

Stock futures rose in the pre-market, signaling a sharp opening yesterday morning. As a result, the stock market climbed at the start of trading, with the Dow Jones Industrial Average quickly surged 1300 points and totaled 1800 points by noon.

Market progress continued into the afternoon as hopes continued to pass the stimulus bill. Although no bill was passed during the meeting, just the expectation for progress was enough to push the market up.

Yesterday has been the best day for the stock market since the year 1933  in terms of percentages. The Dow Jones Index rose 2113 points, the largest increase to date. Besides, the S&P 500 surged 210 points, and the NASDAQ index jumped 557 points.

And the deal that was mentioned in the report, approved by Congress in the early hours of the morning. The package includes loans to businesses, unemployment insurance, direct payments of $ 1,200 per individual and $ 500 per child to most American families. Despite the stimulus package, the US futures were slightly lower this morning.