Markets bumped up briefly after US Vice President Mike Pence said the nation's big health insurers would cover co-payments for coronavirus testing.
Nonetheless, hope was rising that the big support efforts from global authorities that markets have been waiting for may be on the way, at least in a piecemeal way. President Donald Trump says his administration will ask Congress for payroll tax relief and other quick measures to help protect from the spread of COVID-19, which has pushed airlines to cancel flights and prodded Italy to lock down the entire country.
Perhaps the most notable early market move on Tuesday was that Treasury yields also pushed higher in a sign that fear has receded a bit, though they remain far below where they were even a week ago.
Peter Switzer Financial Commentator: After the Corona-virus the Stock market will recover within 6 months
Because everyone now expects a bail out. Wall st never learns. Greedy ****s.
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