Wednesday 25 March 2020

Stocks battle higher after $2T coronavirus aid deal in Congress

  • Stocks battle higher after $2T coronavirus aid deal in Congress

    U.S. equity markets battled higher Wednesday morning after lawmakers struck a deal on a $2 trillion stimulus measure to provide aid to those most severely impacted by the COVID-19 pandemic. The historic relief package will "rush new resources onto the front lines of our nation's health care fight, Senate Majority Leader Mitch McConnell, R-Ky., said Wednesday. "And it will inject trillions of dollars of cash into the economy as fast as possible to help Americans workers, families, small businesses and industries make it through this disruption and emerge on the other side ready to soar." The Dow Jones Industrial Average rose 289 points, or 1.4 percent, in the opening minutes of trading while the S&P 500 and Nasdaq Composite each fluctuated between gains and losses of less than 0.1 percent. Dow futures had risen as much as 829 points in overnight trading.

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