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American stock markets opened after falling nearly 10% the previous day – American and European stock markets are operating in a “ whip ” regime

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The US stock markets opened after falling nearly 10% the day before. It was reported by Economic Truth, with reference to auction data.

The Dow Jones index immediately rose from 1062.26 points (+ 5.01%) to 22,262.88 points.

The S&P 500 also rose 5.55% to 9,192.07 points. The NASDAQ index, down 9.43% at the close of March 12th, rose 5.37% to reach 7,588.7 points at the opening of the markets.

At 8:50 p.m. Kiev time, index growth slowed to 2.9% -3.3%.

Western European stock indexes have experienced maximum growth since November 2008 during the March 13 session.

The largest Stoxx Europe 600 composite index increased by more than 7%, partially recovering from the losses suffered the previous day and falling from the minimum since 2013.

The growth is observed in all industrial groups, while the leaders were stocks of commodity companies.

In trading, a whipsaw “refers to such a course of trading when the market moves chaotic up and down.

Crypto news report, that DeFi world is also experiencing the chaotic effects of the bear market.

On March 9, immediately after opening, trading on the New York Stock Exchange was suspended for 15 minutes after the stock price collapsed, DW reported.

This happened for the first time after the financial crisis of 2008-2009, investors have already called this day “black Monday”.

The S&P 500 Index of the largest US companies immediately fell 7%. The Dow Jones fell 7.2%, the Nasdaq technology index lost more than 7%.

American sites have resumed a downward trend, exacerbated on Monday during the Asian and European auctions after a sharp drop in oil prices. The stocks of oil giants suffered the most. In the USA, Chevron and Exxon Mobil, which lost nearly 10% at the opening. The energy index collapses by 20%

The International Monetary Fund has called for international coordination to counter the economic impact of the coronavirus. The Federal Reserve Bank of New York has announced an increase in daily liquidity injections into the financial markets from $ 50 billion to $ 150 billion to increase market liquidity.

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