All major indexes finished in positive territory after another day of wild trading. The Dow rallied towards the close and traded 466 points higher. The S&P 500 was up 2.3% while the Nasdaq climbed 1.7%.
filed for jobless claims last week as coronavirus-related shutdowns roll through the country. The estimates ranged as high as 9 million.
"The [S&P 500] wasted no time proving that a new month and quarter were not going to alter the volatility that we grew so accustomed to recently," said Frank Cappelleri, executive director at Instinet. "While we have not seen announcements yet, dividend cuts could be on the horizon for U.S. companies," said New York Life Investments multi-asset portfolio strategist Lauren Goodwin.
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