Markets

US stocks fall after yesterday's strong gains

2020-03-25 14:44:37 GMT (Economies.com)

US stocks fell on Wednesday, as the market absorbed yesterday's record gains.

 

This came amid global markets anticipation for the Congress vote on the $2 trillion economic stimulus bill, which is aimed at providing support for US companies and families to ease the coronavirus impact.

 

Wall Street drew support from signs on a deal between the White House and US Senators on the package.

 

Data showed today that the US durable goods orders rose 1.2% during February.

 

The US stocks yesterday scored large gains, as Dow Jones jumped more than 11% to post it largest daily gains since the 1933 Great Depression.

 

As for stocks, Dow Jones slipped 0.4% or 78 points to 20,627 as of 14:11 GMT, Nasdaq fell 1.6% or 123 points to 7,295, and S&P 500 dipped 1.2% or 29 points to 2,416.

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