The Dow jumped 700 points from the opening bell, while the S&P 500 and Nasdaq Composite traded in positive territory.

On Wednesday, the US Senate and the White House reached a deal on a massive $2 trillion relief bill to combat the economic impact of the coronavirus outbreak.

“At last we have a deal,” said Republican Senate Majority Leader Mitch McConnell following the agreement of the coronavirus stimulus deal. “In effect, this is a war-time level of investment into our nation.”

Democratic Senate Minority Leader Chuck Schumer added: “This is not a moment of celebration but one of necessity.”


Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Sen. Rand Paul delays defense bill vote over troop drawdowns

WASHINGTON — A Senate vote on a wide-ranging defense policy bill was delayed after Kentucky Republican Rand Paul objected to the measure, casting the next steps in doubt and raising the slim prospect of a government shutdown if a short-term…

Local govts turn to NEV sector

Shanghai district known for its financial services industry embarks on all-electric car project Pudong New Area government has become one of the latest authorities vying to expand its new energy vehicle industry by recently teaming up with SAIC Motor to…

Big tech antitrust probe report from Congress likely by early fall

WASHINGTON (Reuters) – A much-anticipated deep dive into antitrust allegations against four of America’s largest tech companies and recommendations on how to tame their market power could be released by late summer or early fall from the House of Representatives…

Renault factory worker spared layoffs – for now

CAUDAN, France (Reuters) – Giovanni Pili, a worker at a Renault factory in France, was on Friday savoring the fact that he was not laid off in a global shakeup at the carmaker, and trying not to think too much…