US, WASHINGTON (ORDO NEWS) — The Dow Index on Tuesday showed a record one-day increase since 1933 as a percentage, after US lawmakers said they were close to agreeing on a massive package of economic support measures designed to mitigate the effects of the coronavirus pandemic.
The Dow Jones Industrial Average index soared 11.37% to 20.704.91 points, the S&P 500 jumped 9.38% to 2.447.33 points, and the Nasdaq Composite rose 8.12% to 7.417.86 points.
US presidential aide Donald Trump Eric Welland said Wednesday that senators and administration officials have agreed on a package of measures that is expected to be $ 2 trillion. Congress may vote on the bill as early as Wednesday.
Market sentiment also improved after Trump said on Monday that he was thinking about how to restore the country’s economy after 15-day restrictions last week, even though the coronavirus continues to spread rapidly and hospitals prepare for more the number of deaths due to infection.
Boeing shares jumped nearly 21% after head of aircraft manufacturer David Calhoun said the company is still awaiting the resumption of 737 MAX flights by mid-year.
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