US stocks surge as Congress nears deal on US stimulus

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

United States News News

Dow Jones Industrial Average up over 9% for the first time since 2008 while dollar halts its 10-day rally

Gains in risk assets follow an unprecedented move by the Federal Reserve to backstop large swaths of the financial systemMonitors displaying stock market information at the Nasdaq Market Site in Times Square, New York, the US.

“Any sign of positive news coming out of Washington or the different sides coming together creates a bit of positive sentiment across markets,” said Peter Essele, head of portfolio management for Commonwealth Financial Network. The dollar fell against developed and emerging currencies alike, in a tentative sign of reduced stress after the greenback’s steepest appreciation since the global financial crisis and longest winning streak since 2012. European bonds tracked Treasuries lower.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines