The Dow Jones Industrial average jumped 700 points during mid-day trading Monday as global stock markets struggle to shake-off last week’s frenzied sell-off stoked by fears of the Coronavirus.
“Monday’s moves mirrored the volatile overnight session where Dow futures traded in a range of more than 1,000 points, indicating this week may be as volatile as last week as well,” reports CNBC.
“The Dow, S&P 500, and Nasdaq Composite all fell more than 10% last week, their biggest weekly declines since October 2008. They also entered correction territory, down more than 10% from all-time highs notched earlier in February. Both the Dow and S&P 500 have fallen for seven straight days,” adds the website.
The Dow Jones Industrial Average surged more than 700 points, while the benchmark S&P 500 climbed 2.7%, placing in on track for its best day since January 2019. https://t.co/74I0d9Cy2Z
— NBC Montana (@NBCMontana) March 2, 2020
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