• The DJIA, added 2,112.98 points, or 11.37%, to close at 20,704.91,
  • The S&P 500 index put on 209.93 points, or 9.38%, to close at 2,447.33,
  • The Nasdaq Composite rose 557.18 points, or 8.12%, ending trading at 7,417.86.

US stocks took off on Tuesday, with the Dow Jones Industrial Average notching a record one day gain and its best percentage gain since 1933. Investors latched on to optimism from the White House regarding COVID-19 and the potential for stimulus from Congress agreeing on a fiscal package aimed at combatting the economic impact of the virus.

How did the benchmarks perform?

Consequently, the Dow put on 2,112.98 points, or 11.37%, to close at 20,704.91, the S&P 500 index added 209.93 points, or 9.38%, to close at 2,447.33, and the Nasdaq Composite index rose 557.18 points, or 8.12%, ending trading at 7,417.86. For 2020, the Dow is losing 27.45%, the S&P 500 has lost 24.25%, and the technology-heavy Nasdaq is 17.33% lower.

ANZ Bank explained that we have seen enormous stimulus unleashed globally and while it cannot stop the economic slump, it does provide a safety net going forward. "Germany, which has freed up close to 35% of GDP in terms of stimulus, is considering a post-COVID-19 stimulus. The US no doubt will do the same as will other countries, and central banks seem willing to finance it."

DJIA levels

DJIA

Overview
Today last price 20786
Today Daily Change 1910.00
Today Daily Change % 10.12
Today daily open 18876
 
Trends
Daily SMA20 23559.4
Daily SMA50 26862.36
Daily SMA100 27499.39
Daily SMA200 27092.78
 
Levels
Previous Daily High 19936
Previous Daily Low 18216
Previous Weekly High 21950
Previous Weekly Low 18896
Previous Monthly High 29586
Previous Monthly Low 24690
Daily Fibonacci 38.2% 19278.96
Daily Fibonacci 61.8% 18873.04
Daily Pivot Point S1 18082.67
Daily Pivot Point S2 17289.33
Daily Pivot Point S3 16362.67
Daily Pivot Point R1 19802.67
Daily Pivot Point R2 20729.33
Daily Pivot Point R3 21522.67

 

 

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