(26 March 2020)DAILY MARKET BRIEF 1:Equities mixed.
<p>After an early drop to the negative territory, US stocks eventually recovered, and two of the three leading US stock indices ended the Wednesday session in the green. As such, we saw two consecutive-day gains in the US stocks for the first time since the coronavirus-led freefall began. The S&P500 (+1.15%) consolidated gains following the US Congress’ agreement on a historical $2-trillion rescue package, while the Dow rallied 2.39% boosted by a 24.32% jump in Boeing’s share price – on hope that there could be something in the mix for the company struggling on the verge of financial distress, and 10.87% and 9.24% jump in United Tech and Nike Inc.</p>
<p>Tech stocks lagged. Apple (-0.55%), Microsoft (-0.96%), Cisco (-2.41%) and Intel (-2.18%) fell. Nasdaq retreated 0.45%.</p>
<p>The US dollar index retraced below the 101 mark hinting at an improved risk appetite in the global cross-asset markets.</p>
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