Stock Market Today: March 27, 2020
Harvey S. Katz, CFA | 03/27/2020
Wall Street strove for a so-called three-peat yesterday. Specifically, after weeks of steady and alarming losses, the stock market rallied strongly on Tuesday, largely on the promise of the pending $2 trillion fiscal stimulus program. Further progress on that bill then helped stocks advance modestly on Wednesday. Although yesterday got off to a shaky start, overall, it was the third straight advance for the market, and the biggest three-day climb since 1931. Now, the quest will be for a fourth straight day of gains, and on that count, the equity futures are pointing to a pullback to start the new session.