Global markets today: Wall Street sees a strong recovery after stock market crash. Is it a dead cat bounce?

Global markets today: Wall Street indices posted strong gains on Friday as investors seized buying opportunities following the recent US stock market downturn. 

The S&P 500 surged 2.13 per cent, while the tech-heavy Nasdaq jumped 2.61 per cent on Friday. However, both indices extended their losing streaks to a fourth consecutive week. The S&P 500 ended the week down 2.3 per cent, while the Nasdaq lost 2.4 per cent.

So far in March, the Nasdaq and the S&P 500 have plunged 6 per cent and over 5 per cent, respectively, amid concerns over the economic impact of President Donald Trump’s tariff policy, fears of a looming recession, and overvalued tech stocks.