brian-kilmeade-2
On Air Now
1071-talk-radio-logo-white%402x-png
Brian Kilmeade
Weekdays 10AM-Noon

Stocks jump 5% as hopes build for virus stimulus package

u-s-new-york-stocks-4

NEW YORK (AP) — Stocks are opening sharply higher on Wall Street Tuesday as hopes build that Congress will agree on a big coronavirus relief bill. That would follow more aggressive steps from the Federal Reserve annouunced a day earlier to support lending and bond markets. Major U.S. indexes jumped more than 5% in the first few minutes of trading, and European and Asian markets also surged. The lurch higher was the latest dizzying move for markets, which are still down by more than a third from their record highs reached a month ago as the economic damage from the coronavirus becomes more and more severe.

Related Articles

Loading...
sports_video_header3