United States posts strong stocks rises over economic package hopes
Mar 25, 2020 (MENAFN via COMTEX) —
The United States stocks posted strong increases at midday Tuesday as the Dow saw an increase of more than 1,600 points while the market comeback rose on Wall Street over hopes of an economic stimulus package.
The Dow Jones Industrial Average posted an increase of 1,662.02 points, or whats equal to 8.94 percent, to reach a total of 20,253.95 points. The S&P 500 soared 174.84 points, or 7.81 percent, to set at a total of 2,412.24 points while the Nasdaq Composite Index climbed 463.03 points, equalling 6.75 percent, to reach a total of 7,323.70 points.
The entire 11 primary S&P 500 sectors posted increases, as the energy rose over 12 percent close to midday, higher than all the rest of the sectors.
Investors hopes grew that the United States lawmakers were close to reach an agreement on a huge economic stimulus package to support the economy during the coronavirus outbreak.