The upturn continues on Wall Street thanks to the stimulus package

US, WASHINGTON (ORDO NEWS) — The New York Stock Exchange is up Wednesday in the first exchanges after a dramatic rebound prompted by the Senate’s agreement on a massive plan to support the economy in the face of the threat of the coronavirus.

The Dow Jones index gained 101.29 points, or 0.49%, to 20,806.2 points.

The Standard & Poor’s 500 takes 0.26% to 2,440.96 points.

The Nasdaq Composite rose 1.59% to 7,535.6 points.

Contrary to what US index futures foreshadowed, Wall Street continues to rebound after the compromise struck overnight between the Trump administration and American senators on a vast plan to support the US economy of $ 2,000 billion ( 1.842 billion euros)

The Senate must vote on this massive support plan during the day and the House of Representatives should vote in its wake.

In anticipation of the signing of this agreement, the American market experienced a sharp surge Tuesday evening with in particular a Dow Jones index recording its strongest growth in one session since 1933.

This large-scale program, which comes on top of the numerous measures taken by the Federal Reserve, does not, however, overlook concerns about the spread of the virus in the United States, which could become the main source of the pandemic in the world according to the ‘World Health Organization.

In values, Boeing (NYSE: BA ) gained 12.54%, by far the largest increase for Dow Jones. According to several sources, the aircraft manufacturer plans to restart production of the 737 MAX in May, suspended since January after two fatal accidents.


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The article is written and prepared by our foreign editors from different countries around the world – material edited and published by Ordo News staff in our US newsroom press.