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Stocks soar on plans for more stimulus measures, Biden wins

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Dow surges 1,000 points, or 4%, on Wednesday, clawing back much of its sharp losses from the day before.

Traders gather at a post on the floor of the New York Stock Exchange, Wednesday, March 4, 2020. Stocks are surging in early trading on Wall Street, led by health care stocks after Joe Biden scored a number of Super Tuesday wins.

The gains more than recouped the market’s big losses from a day ealier as Wall Street’s wild, virus-fueled swings extend into a third week. Investors are also anticipating other central banks will follow up on the Federal Reserve’s surprise move Tuesday to slash interest rates by half a percentage point in hopes of protecting the economy from the economic fallout of a fast-spreading virus. Canada’s central bank cut rates on Wednesday, also by half a percentage point and citing the virus’ effect.

The Bank of England has a meeting on March 26 on interest rates. The European Central Bank and others around the world have already cut rates below zero, meanwhile, which limits their monetary policy firepower. But economists say they could make other moves, such as freeing up banks to lend more. Health care stocks in the S&P 500 jumped 5.4% for the biggest gain among the 11 sectors that make up the index. UnitedHealth Group rose 13.7%, Anthem jumped 14.6% and Cigna climbed 14.1%.

 

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Biden.

NBC29 BidenBump TrumpSlump

The Biden bounce

JoeBiden should totally tweet credit for this, imagine the unhinged responses from Trumpty Dumpty

This virus will def hurt economy , a little shift going on from travel to medical but ppl staying home can’t be made up ,

On theNews that there may be hope for America. Biden2020

Thanks for the Joementum

JoeMentum

Stock market is the id of the people made manifest

Thanks, Joe!

Dow Jones has become a white collar casino .

Told ya Bernie had them shaking in their boots! It ain't over yet tho.....

The 'Biden Bump'

Thanks Obama. I mean Biden. I mean Trump. I mean Coronavirus.

That's JoeMentum! BidenBump AKA thereshopeintheworldagain

Media claiming it's a Biden bounce😄 Will you give him credit for a decline as well

Is the DJIA rallying because the world still believes the US COVID19 coronaoutbreak is under control?

This is all so blatantly pointless

The Biden Bump

Yay! No health care for the peasants!

I think the stock market was more scared of Bernie than the Corona virus

All plus 400 pts

Thanks to Bidens wins.

It's all just a game. Get rid of the stock market

Is this Trump's fault also? Asking for a deranged leftist.

Obama's fault

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