Stocks rallied Wednesday after former Vice President Joe Biden's strong Super Tuesday showing.
 | WED, MAR 04, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 302.74 | +13.42 | +4.64% | | MSFT | 170.55 | +6.04 | +3.67% | | PFE | 36.40 | +2.10 | +6.12% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | BAC | 28.39 | +0.64 | +2.31% | | AMD | 50.11 | +3.36 | +7.19% | | GE | 10.95 | +0.07 | +0.64% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AMD | 50.11 | +3.36 | +7.19% | | AAPL | 302.74 | +13.42 | +4.64% | | MSFT | 170.55 | +6.04 | +3.67% | |
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Super Tuesday spawned a bullish Wednesday with stocks soaring out of correction territory.
Health-care names rallied on diminished fears of Vermont Sen. Bernie Sanders' promised reforms. Investors also applauded the Democratic Party's apparent swing from progressive to moderate as former Vice President Joe Biden racked up big wins.
Despite the rally, some analysts warn the worst may not be over as the coronavirus takes its toll on the global economy. CNBC's Fred Imbert writes that the market may not hit bottom until the number of coronavirus cases finally peaks.  The stock market has swung in recent weeks from record highs to dizzying dips, and yields in the bond market have been setting record lows. So far, the outbreak isn't showing up very much in the economic data. The Federal Reserve's Beige Book reported that the economy is still growing at a "modest to moderate pace." The report did, however, warn of negative impacts to travel and tourism as well as supply chain disruptions. There may be more of that to come. The report noted, "producers feared further disruptions in the coming weeks." Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. |
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