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Dow soars 1,000 points after $2 trillion coronavirus stimulus deal reached
US stocks climbed on Wednesday after the White House and the Senate reached an agreement overnight on a relief package to fight the economic fallout from the coronavirus outbreak. The roughly $2 trillion relief package would expand unemployment benefits, push funds to hospitals and healthcare workers, issue emergency loans to both small and large businesses, and send checks to Americans; the bill calls for $1,200 payments for adults and $500 for each child. About $50 billion is allocated for loans for airlines, an industry hit particularly hard by the pandemic and the sudden halt to travel. The gains followed the ... (full story)
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