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Wall Street ends higher to stem coronavirus selloff; Dow Jones rises 1%

Nasdaq outperformed other major indexes, ending 2.3% higher, fueled by gains in Amazon.com, Microsoft and Facebook

Topics
Wall Street | Coronavirus | Dow Jones

Reuters  |  New York 

US stocks managed to post gains on Thursday after recent steep losses as policymakers around the world took further emergency actions to try to help financial markets cope with deep coronavirus-driven economic damage. Nasdaq outperformed other major indexes, ending 2.3% higher, fueled by gains in Amazon.com, Microsoft and Facebook. The Federal Reserve opened swap lines with central banks in nine new countries to ensure the world's dollar-dependent financial system continued to function. It was the latest in a host of steps taken by the U.S.central bank over the last two ...

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First Published: Fri, March 20 2020. 03:22 IST
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