Stock market live updates: Stocks try to hold gains, Amazon leads tech, bottom in?

Stocks fell back into the red as Governor Cuomo said that 100% of New York’s workforce must stay at home, except for essential personnel. – Stevens

The Federal Reserve said Friday it would extend its asset purchase program into short-term municipal bonds. Thus far, the central bank has limited its efforts to Treasurys and mortgage-backed securities in an effort to keep liquidty flowing through the system and to stabilize credit markets. The announcement sent the iShares National Muni Bond ETF surging, last up 1.5%. – Cox, Li

Entertainment and travel stocks like MGM Resorts, United Airlines, Carnival Corporation and Hilton rose 10% or more in trading. Shares of these companies have been battered in recent weeks, as the global coronavirus pandemic has sharply decreased travel and discretionary spending. – Sheetz

Bitcoin on Coinbase surged more than 18% this week, on pace for its best week since June 28th when the crypocurrency gained 24.38%. Meanwhile, bitcoin futures (MAR) are up 25% this week, on track for their best week ever since the inception of the contract in December 2017. – Francolla, Li

The Cboe Volatility Index, Wall Street’s preferred fear gauge, fell to its lowest level in a week, breaking below 60. It was last down 12.4 points, or 17%, at 59.62. Earlier this week, the VIX surged above 80 and breached its 2008 financial crisis high. — Imbert

Source: https://www.cnbc.com/2020/03/20/stock-market-live-today.html

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