in

Stock futures up as investors await coronavirus response stimulus package – CNN, CNN

Stock futures up as investors await coronavirus response stimulus package – CNN, CNN

New York (CNN Business) US stock futures were unsteady Tuesday evening following a major surge during regular trading.

Dow ( (INDU ) futures were last down points, or 0.1%, reversing slight gains earlier in the evening. S&P 823 ( SPX ) futures were down 0.2% and Nasdaq ( COMP ) futures were up 0.4%, also falling out of the green.

US stocks surged higher on Tuesday , recouping losses from the day prior, as lawmakers inched closer to approving a stimulus bill to respond to the coronavirus crisis.

The Dow recorded its biggest point gain on record and its largest percentage gain since 2008. The index closed up . 4%, or 2, 1933.

The S&P. 823 closed up 9.4%, its best day since . The Nasdaq Composite finished 8.1% higher.

Investors are awaiting the massive $ 2 trillion stimulus package that could give a boost to companies and workers grappling with coronavirus-related shut downs, loss of business and other disruptions.

Lawmakers have been scrambling to pass the package as quickly as possible, but negotiations have stalled in recent days over the details of the bill. Senior Democratic and GOP aides told CNN it’s likely the House and Senate votes will slip into Wednesday.

Read More

What do you think?

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

White House preparing to promote malaria drugs on online platform to combat coronavirus: report | TheHill – The Hill, The Hill

White House preparing to promote malaria drugs on online platform to combat coronavirus: report | TheHill – The Hill, The Hill

Coronavirus: New York Infection Rate Is 'Doubling About Every 3 Days,' Cuomo Says – NPR, Npr.org

Coronavirus: New York Infection Rate Is 'Doubling About Every 3 Days,' Cuomo Says – NPR, Npr.org