Global stocks, US futures rise on virus aid hopes

A man passes a screen displaying the world's markets indices outside a brokerage in Tokyo, Japan on March 17, 2020.

On Wall Street, the future for the benchmark S&P 500 index rose 2.8 percent and that for the Dow Jones Industrial Average gained 3.2 percent. The S&P 500 gained 0.5 percent on Thursday in a relatively modest change after wild price swings over the past week. Investors also appeared to be encouraged by reports that China is set to ramp up stimulus spending after the province in which the virus emerged in December showed no new infections on Wednesday.

That rush to gather dollars is straining markets, with sellers of even high-quality bonds struggling to find buyers at reasonable prices.

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