31.03.2020 DOW JONES Daily Analysis

31.03.2020 DOW JONES Daily Analysis

On Monday, the Dow Jones Industrial Average DJIA, +3.19% booked a more than 690-point gain, rising by 3.2% to end the session at 22,327. The Dow Jones futures initially extended gains late Monday after China unexpectedly reported strong manufacturing activity in March. According to Jeremy Siegel, a professor of finance at the University of Pennsylvania’s Wharton School of Business, the Dow might have seen the worst and is now healing. The Professor famously predicted that the Dow would close at 20000 in 2015 and it closed at 17000. The Dow might be making these gains and staying in the bullish region due to optimism from President Trump’s decision to extend social-distancing guidelines to April 30 from April 12. This goes ahead to show that the President and the government are really taking the issue seriously as compared to the beginning when President Trump called the virus "Another hoax by the democrats"