The White House announces a new US$950 billion stimuli to try to bring this financial crisis caused by the virus to an end.
New stimulus package to stabilize the market
Andrés Briceño|19 de marzo de 2020
After the announcement of the US$50 billion allocated by the US government last week to combat coronavirus and stabilize the stock market, not only was this goal not reached but last Monday, it underwent one of its worst falls in the decade.
Now, the White House announces a new US$950 billion stimuli to try to bring this financial crisis caused by the virus to an end.
These announcements led to the market´s positive closing on Tuesday, March 17, with a 6% increase in the S&P and a 5.2% increase in Dow Jones.
Television companies were on the stock exchange roller coaster that day, which left some positive balances, but others have not been able to recover yet from the huge fall they had on Monday, March 16.
Televisa was one of the companies that came out better off, raising its stock value by 12.91%; Hemisphere Media Group gained 9.93%; Netflix managed to rise 7%, and FOX Corporation increased by 2.59%.
Those with fewer advantages were ViacomCBS and AMC Networks, which fell between 6% and 7%, as well as Disney, that continues without recovering, also due to its parks and hotels that continue closed.