Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Dow Jones soars more than 1200 points in early trade

Economies.com
2020-03-24 14:00PM UTC

The main US stock indices surged in early trading on Tuesday, amid optimism about the upcoming US fiscal stimulus package.

 

The Trump's administration have proposed a $2 trillion stimulus package to provide support to US companies and families to ease the impact of the coronavirus pandemic.

 

Following the Senate failure to pass the aforementioned package for two times this week, many expect that the US lawmakers will ratify the aid package later today.

 

Speaker of the US House of Representatives and Democratic leader, Nancy Pelosi, stated that they're very close to reaching a deal.

 

While the US Treasury Secretary, Steven Mnuchin, assured that the US is able to eliminate the coronavirus and its impact within 12 weeks.

 

As for stocks, Dow Jones added 6.5% or 1,214 points to 19,806 as of 14:58 GMT, Nasdaq rose by 5.1% or 350 point to 7,210, and S&P 500 rose by 5.6% or 125 points to 2,361.

American Markets News

Americas News

Markets

Wall Street loses ground amid mounting tariff war
2025-07-11 15:29PM UTC
U.S. stock indices declined during Friday trading as the global trade war between the United States ...
Americas News

Markets

Wall Street maintains gains, NASDAQ marks another record close
2025-07-09 20:30PM UTC
US stock indices climbed during Wednesday’s session and held onto their gains following the ...
Americas News

Markets

Wall Street gains ground ahead of Fed's minutes
2025-07-09 15:20PM UTC
U.S. stock indexes rose at the start of trading on Wednesday as markets assessed developments in ...