Dow Jumps 300 Points As Investors Wait For More Coronavirus Stimulus

The market opened higher on Tuesday as companies like Coca-Cola and IBM beat earnings estimates and investors remain on alert for fiscal stimulus updates from U.S. lawmakers.Johannes Eisele/AFP via Getty ImagesThe Dow Jones Industrial Average was up 1.2%, over 300 points, on Tuesday, while the S&P 500 rose 0.7% and the tech-heavy Nasdaq Composite lost 0.1%.

IBM shares rose 2% after the company topped revenue estimates and improved gross margins in the second quarter, while Coca-Cola also topped Wall Street expectations—despite aMarket sentiment got a boost after European Union leaders agreed to move forward with a 750 billion euro stimulus package: The European Council President called it a “pivotal moment” for Europe.

The announcement comes as U.S. lawmakers work on another coronavirus relief bill, with many investors on Wall Street monitoring the progress being made on additional stimulus. Congress faces mounting pressure to pass more relief before the end of July, which is when the $600 per week federal unemployment insurance benefit will run out.on Tuesday that he doesn’t expect the next coronavirus relief bill to pass before the end of the month, when several key provisions of the $2.2 trillion CARES Act will expire.

Stocks have also moved higher on the back of positive vaccine news in recent days: Pfizer and BioNTech both reported progress on their joint coronavirus vaccine, while a vaccine from Oxford University and AstraZeneca showed aOil prices hit their highest levels since March: WTI futures jumped to over $42 per barrel on Tuesday, while Brent crude reached nearly $45 per barrel.

skleb1234 hahaha...you would catch what is a jump into hell if Biden would be elected. but on 3rd of november we will stay up to vote and will save our democracy silently.

skleb1234 Socialism for the win and brought by both parties. Got to keep those Trillions in retirement funds flowing into the Ponzi scheme. Or else markets collapse.

skleb1234 Will the coronavirus become a growth factor?

skleb1234 Socialism is alive and well.

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