Dow creeps up gradually on Thursday

Dow creeps up gradually on Thursday

On Thursday, the Dow Jones had been quietly creeping towards the gains as the bulls of stock market had enjoyed one day where the volatility was considerably low. The billionaires who are investors have been keeping an eye on China and have been licking their lips with the opportunity as the government of United States has been starting to get control over the outbreak of coronavirus. In commodity sector meanwhile, the prices of oil had enjoyed a rally which can be termed phenomenal as it climbed to the a level of 24% and reached $25 a barrel as there was an improvement in the risk environment and there was a slowing of the massive dollar rally.

The gold prices had fallen a bit as there was an easing of volatility in the stock markets and the trading started to go flat on this day. The bitcoin of digital asset had seen an explosion higher as there was a rally of 20% which had been carried on the BTC/USD back through $6000 per handle.

United States as of now has more than 10,000 cases which are confirmed for the coronavirus and despite the spread being at an alarming result, the government has been ramping its operations up for testing. The rallies earlier have been not so successful but ability of China to curtail the spread has been getting people bullish about the limited time frame of this crisis.

There are those who are optimistic and have a sizable amount of money to invest like Warren Buffet and Carlos Slim who have been diving into this market off late and with China they have hope of seeing success in the future markets.

Lucille Gendreau
Content Writer & Journalist At Packaging Industry Reports

Lucille is a strong writer who believes in exploring her skills in writing. The key specialty of Lucille’s writing is she presents readers of the Packaging Industry Reports news portal with a range of latest topics such as most recent inventions, researches, new drugs, and so on in the Health sector. After completing a Bachelor’s Degree in Medicines, Lucille wanted to do more challenging work as she is aware that the majority of the worldwide population does not know about basic health care. So, she chose the field of writing that empowered her to connect with more and more people to educate them on these aspects of health.

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