Dow soars 600 points after $2 trillion coronavirus stimulus deal reached

Dow soars 600 points after $2 trillion coronavirus stimulus deal reached

The bill includes payments for Americans, unemployment benefit expansions, and loans for businesses hit by the economic slump.. The benchmark index soared 11% in Tuesday's session as investors bet on a near-term deal for fresh fiscal stimulus.. US stocks climbed on Wednesday after the White House and the Senate reached an agreement overnight on a relief package designed to fight the economic fallout of coronavirus.. The gains follow the Dow's best day in 87 years.. Now read: Morgan Stanley studied decades of recession history to compile a playbook for what to buy during and after a stock bear market - and when to do it. Trump and Pence reportedly talked with a handful of Wall Street giants to get their view on how coronavirus is reshaping markets and the economy. READ NOW: Billionaire Bill Ackman details a $2 billion bet he just made that coronavirus will be a 'temporary but massive economic shock' ".