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.
What is up is down and what is black is now white. The fix is in
AYA analytic report on the global economic outlook April 2020
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Source: CNBC - 🏆 12. / 72 Read more »