23.03.2020 DOW JONES Daily Analysis

23.03.2020 DOW JONES Daily Analysis

The Dow closed last week losing approximately 4.5% of its value and closing in what was the "worst week since 2008" financial crisis. So far the Dow is approximately down 35% from last month's high. After the White House promised a $2 trillion stimulus package the Dow made some gains albeit not so much because investors were still not convinced this rescue package would do much. However, the package seems to be quite a long way off because after the bill the house went to vote on the Bill the Democrats blocked saying it did too much to bail out companies and not enough to help workers. This saw the Dow plunge almost 600 points early Monday morning during overnight trading before the markets could open. However, the Federal Reserve and the treasury are working on a financing program worth about $4 trillion to support markets and this could see the stock market and the Dow improve massively this week. The Dow on Monday morning has a value of $19173.98