Home » US stocks rebound 1,000 points on Trump $1 trillion stimulus plan | Coronavirus pandemic
United States stock markets on Tuesday regained some ground lost to Monday’s historic selloff, after the US Federal Reserve unleashed more emergency moves to help credit markets and after the White House said it is seeking more than $1 trillion in stimulus measures to help shore up the economy against coronavirus.
The Dow Jones Industrial Average closed up 1,049 points to 21,237.31, clawing back just over a third of Monday’s historic 3,000-point plunge.
Volatility gripped the 30-share index in early trading, sending it into negative territory to briefly drop below 20,000 for the first time since 2017.
But stocks found their footing after the Fed announced more emergency measures to help ensure credit keeps flowing smoothly through the economy and after the administration of US President Donald Trump rolled out more plans to offset the financial blow of coronavirus disruptions.
The broader S&P 500 Index, which serves as a proxy for the health of US retirement and college…
You can Read this Complete Story at: Source Link
Dow Today, Dow Jones Today