22.04.2020 DOW JONES Daily Analysis

22.04.2020 DOW JONES Daily Analysis

Tuesday was a very cold day for the stock market as almost all the stocks were swimming in red. There was a general market pullback and the Dow lost more than 600 points by session's closing time. The index closed at $23018.88 (-2.6%). This was the lowest closing position in two weeks This fall could be attributed to the crashing oil prices on Monday. However, the stock is set to improve after the US President said he is considering implementing a 60-day Bayon immigration "in the interests of the American People." Furthermore, the US Senate on Tuesday approved a nearly $500 billion stimulus package for small businesses and hospitals. These new developments saw the Dow slightly improve early on Wednesday morning before markets opened. This should help the Dow gain some of the losses made during the previous trading session.