'Semblance of Calm': Dow Sees Early Gains

Investors hoping for 2 straight days in the black
By Newser Editors,  Newser Staff
Posted Mar 20, 2020 6:04 AM CDT
Updated Mar 20, 2020 8:59 AM CDT
'Semblance of Calm': Markets Poised to Rise
A currency trader wearing a face mask stands near the screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Friday, March 20, 2020.   (AP Photo/Lee Jin-man)

Two consecutive days of a rising market? It's at least a possibility, based on the early going. After Thursday's 188-point rise by the Dow, the index opened 300 points higher, reports CNBC. However, in the first 30 minutes, those gains had diminished. Around 10am ET, the Dow was up about 30 points, though fluctuating quite a bit. Earlier Asian and European stocks generally saw gains, notes the Wall Street Journal.

The Dow's opening might seem relatively stable after dramatic losses earlier in the week. This isn't because of good news on the coronavirus itself, but apparently because of stimulus packages being put forth by governments around the world. "There is a semblance of calm,” Seema Shah of Principal Global Investors tells the Journal. "All the measures that central banks have taken over the past week have started to feed into the system and improve liquidity." (More stock market stories.)

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