|Day's Range||34.46 - 36.68|
The Bureau of Economic Analysis released the advance print of U.S. first-quarter gross domestic product Wednesday morning.
Stocks rose Friday on the heels of a volatile session a day earlier, when stocks were whipsawed amid conflicting signals over the results of a clinical trial for a coronavirus antiviral treatment candidate. The latest batch of economic data released Friday morning showed further signs of stress on the U.S. manufacturing sector, with durable goods orders down the most in six years in March.
The oil sell-off is a relatively short-term phenomenon that analysts say should be taken with the proverbial “grain of salt.”
While the quickness of this year’s drop in equity markets – and the global health crisis that served as its catalyst – is as yet unparalleled, market crashes themselves are far from anomalous.