minus academy faq plus academy faq Check in circle Apple Android Home Magnifer Calculator Mail Email Facebook Twitter RSS Linkedin Linkedin hollower Headphones Wechats Instagram Line Mail 2 Phone Phone 2 Minus Plus Arrow right Arrow left (variant 2) Arrow right (variant 2) Brand logo Brand logo not filled Hamburger Flag of the Hong Kong Flag of the US/GB Flag of the US/GB Flag of the US/GB Flag of the China Flag of the China Flag of the China (traditional) Flag of the Taiwan Flag of the Hong Kong Flag of the Spain Flag of the Russia Flag of the France Flag of the German Flag of the Portugal Flag of the Italy Flag of the Poland Flag of the Czech Flag of the Hungary Flag of the Sweden Flag of the Bulgarian Flag of the Finland Flag of the Lithuania Flag of the Denmark Flag of the Croatia Flag of the Estonia Flag of the Norway Flag of the Romania Flag of the United Arab Emirates Flag of the United Arab Emirates Flag of the Indonesia Flag of the Malaysia Flag of the Korea Flag of the Korea Flag of the Samoa Flag of the Vietnam Flag of the Thailand Flag of the Turkey Flag of the Japan Cross Cross large User Arrow down Arrow up Cube Info list Data comunication Clock Slash
Market News
U.S. stocks soar due to Biden’s strong performance in Super Tuesday - Zeal Capital Market

U.S. stocks soar due to Biden’s strong performance in Super Tuesday

05-03-2020 07:00

The US stock market rebounded strongly on Wednesday, with both the Dow and the S & P 500 rising more than 4%. The strong performance of former US Vice President Biden in the “Super Tuesday” Democratic primary election injected a boost in market confidence.

Biden led the primaries and will win 10 of the 14 states holding the primaries, boosting health care stocks, and optimistic economic data eased concerns about the impact of the “new crown” epidemic.

A report showed U.S. economy expands moderately in past few weeks. Released by the US Federal Reserve on Wednesday, the Beige Book showed that the US economy has expanded at a moderate to moderate pace in the past few weeks, but there are signs that the escalating coronavirus epidemic has begun to affect US business confidence.

The Federal Reserve cut interest rates by 0.5 percentage on Tuesday in an emergency to alleviate the impact of the epidemic on the economy of the world’s largest economy, while opening the door to further action if necessary, which caused a damage to USD.