Rolling coverage of the latest economic and financial news, as Donald Trump floats payroll tax cuts to protect US economy from coronavirus Latest: Markets are recovering from Crash MondayRBS offers mortgage and loan holidaysItaly ‘to suspend mortgage payments’, reportTrump: We’ll pass payroll tax cuts soonCrash Monday: Trillions wiped off markets 1.48pm GMT Wall Street won’t let the bull market die! Especially not on its 11th birthday.Every stock on the Dow Jones industrial average is rallying this morning, as stocks bounce back.The bull market started 11 years ago today on March 9, 2009. The record run of 11 years without a 20% drawdown for the S&P 500 could end soon. #Markets can change directions quickly. It was less than 3 weeks ago when the S&P 500 was at a record high. #stocks pic.twitter.com/hiyW2yVMDEBREAKING: US stocks jump with the Dow up 870 and S&P 500 up 3.4% at the opening bell.It’s welcome relief after the worst day of losses for stocks since 2008. But the US is still uncomfortably close to ending the 11-year bull market. https://t.co/TzvbvigrYT #stocks 1.36pm GMT NEWSFLASH: Shares are surging on Wall Street, as investors return to duty after the worst one-day slump since the dark, troubling days of 2008.Stocks are jumping, pushing the main US indices up by around 3%. The Dow has risen by over 800 points. Continue reading…
Via: Wall Street rebounds after worst losses since 2008 – business live
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