U.S stock-index futures on Tuesday rose as the market looked set to extend a powerful rally to a second session on growing signs that the outbreak of COVID-19 pandemic may be leveling off after in parts of the world.
On Tuesday, the Dow DJIA, +7.73% rose 1,627.46 points, or 7.7%, to finish at 22,679.99. The S&P 500 SPX, +7.03% climbed 175.03 points, or 7%, to end at 2,663.68. The Nasdaq Composite COMP, +7.32% surged 540.15 points, or 7.3%, to close at 7,913.24. Indeed, reports suggested the U.S. lawmakers are hashing over a so-called Phase 4 relief package for next month that could be worth more than $1 trillion, to help prop up the economy and assist workers and small companies, according to The Washington Post,
“A recession still remains a given; but hopes are rising that it could well be manageable and not turn into a depression, and that is boosting airlines and travel shares this morning, a sector that has so far borne the brunt of the huge sell off since February 21,” Hewson wrote.
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