Farewell to the plunge, the three major US stock indexes rose sharply on the 10th

On March 10th local time, US stocks rose sharply on Tuesday due to the stimulus from investors to the possible rescue measures against the economic impact of the New Crown epidemic.

The Dow Jones Industrial Average rose 1167.14 points (4.89%). Both the S & P 500 Index and the Nasdaq Composite Index rose over 4.9%. Major stock indexes briefly turned negative earlier, and the Dow Jones Index once fell as much as 160 points.

Technology stocks Facebook, Amazon, Apple and Netflix all rose more than 4.8%. JPMorgan Chase and Home Depot led the Dow, gaining more than 7% each. The technology and finance sector was the largest gainer in the S & P 500, both exceeding 6%. Energy stocks rose 4%.

Market analysts believe that the US government's fiscal policy can offset some of the impact of the new crown epidemic and the price of crude oil, but it cannot solve these problems. US President Trump put forward the idea of ​​salary tax deduction on March 9 and plans to announce specific policies later on the 10th, including tax benefits for specific industries.

At present, all parties are still observing what policies the US government will introduce to ease the current market anxiety.

On March 9, the U.S. stock market experienced a historic sell-off, with the Dow and the S & P 500 plunging 7.8% and 7.6%, the worst day since 2008. The Dow fell sharply in 2013, recording the largest drop in history.

At the same time, the price of oil rose on the 10th, and the price of U.S. West Texas oil futures rose 7.7% to $ 34.36 per barrel.

Last weekend, oil prices competed because many countries failed to reach agreement on reducing oil production and increasing oil production. On the 9th, global oil prices experienced the biggest drop since the 1991 Gulf War. Due to the impact of oil prices and the new crown epidemic, the US stock market's plunge triggered the fusing mechanism, and trading stopped for 15 minutes shortly after the market opened on the 9th.

U.S. Treasury yields rebounded on the 10th, 10-year Treasury yields hovered above 0.6%, and 30-year Treasury yields rose to 1%. (CCTV reporter Xu Dezhi)