Unofficially, the Dow Jones Industrial Average rose 543.68 points, or 2.11 per cent, to 26,306.84, the S&P 500 gained 60 points, or 1.96 per cent, to 3,126.59 and the Nasdaq Composite added 173.38 points, or 1.78 per cent, to 9,899.40.
Stocks briefly pared gains after Florida reported that new cases rose to the highest level since the pandemic began and Texas saw hospitalizations surge. Elsewhere, Beijing shut its schools on concern about new infections. Government stimulus has been a key feature of the global equities rally, despite soaring unemployment and signs that a second wave of the virus has started to emerge. Now there are signals that more economic support is on the way.Article content continued
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Asian stocks follow Wall St higher after U.S. Federal Reserve ups bond buysAsian shares rose Tuesday, cheered by fresh moves by the U.S. Federal Reserve to support markets battered by the coronavirus pandemic.
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Asian stocks follow Wall St higher after U.S. Federal Reserve ups bond buysAsian shares rose Tuesday, cheered by fresh moves by the U.S. Federal Reserve to support markets battered by the coronavirus pandemic.
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