Mon, 25 May 2020

USStocksAdvanceEven asTrump Extends Social Distancing

Voice of America
31 Mar 2020, 04:05 GMT+10

Major U.S. stock indexes advanced more than 2% in early trading Monday in the hours after President Donald Trump extended the country's social distancing guidelines through April 30 to combat the spread of the coronavirus.

European exchanges edged ahead marginally in late-day trading, while those in Asia fell.

The European markets had fallen most of the day on worries about the pandemic and the decision of the European Central Bank to ask banks not to pay dividends on their stock or buy back shares until October.

Asian markets closed down as investors continued to be worried by the coronavirus and its effect on the world economy.

Hong Kong's Hang Seng index had lost over 330 points, or 1.45% at its closing bell, while the Nikkei in Japan was down more than 300 points or 1.57% and the Shanghai closed off nearly 1%.

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