27.03.2020 DOW JONES Daily Analysis

27.03.2020 DOW JONES Daily Analysis

The Dow's value is currently $22552.17 a market gain of 1351.62(+6.38%). Is it enough to say that the Dow is officially back in the bull territory? Well, it would be bull to say so considering all that's going on in the market. For one, it's safe to say that the Dow's futures are maintaining their positive stance because of the $2 trillion stimulus package that passed successfully through the Senate and is expected to be voted on at the House of Representatives. So what happens after that? Yesterday according to new coronavirus confirmed cases released, the US has more cases than any other country in the world-more than China or Italy. So with President Trump's hope that the lockdown could cease early April might be too far-fetched and as the economy continues printing more money to throw at the face of the Pathogen the more, it's value goes down and hence the Dow might be kissing the Bears any time soon because this is far from over, in fact, it's just the beginning. Since the blue-chip index’s March 23 low at 18,591.93, however, the Dow has gained 21.3%, which meets the data team’s criteria for re-entry into a bull market. The Dow, however, still stands 23.68% below its record high.