After Wall Street’s worst daily sell-off in more than three decades, the indices recouped some of their losses on optimism that US Democrats and Republicans could announce a stimulus package by Friday. The Dow and the S&P 500 indices, which had crashed almost 10% on Thursday, are still headed for their worst week since the financial crisis. Travel stocks, which have borne the brunt of the rout, led gains, with the S&P 1,500 airlines index up 3.4%. Energy stocks rose 5% as crude prices rebounded, after suffering their worst four-day declines on record. The CBOE Volatility Index, a gauge for investor anxiety, fell 3.6 points to 71.91 after its biggest-ever one-day surge in history on Thursday.

Source: The Express Tribune March 13, 2020 14:15 UTC