Global Update: Strong Market Rally In US; Dow Jones Gains 575 Points, Nasdaq Rise 3.3%

There are signs of strength from the global markets. Dow closed at the day's high by jumping 575 points. At the same time, Nasdaq has also closed with a jump of 3.3%. The 10-year bond yield has slipped to near 2.75%. Buying was seen in all the IT stocks in US market. Today US markets will remain closed. Europe's markets have seen a rise of 0.5%. SGX Nifty is up by more than 100 points and this index is trading with green marks.