U.S. Stocks Rise Wednesday, Gains Taper Off After Concerns Arise Over $2 Trillion Relief Package
By Fox Business // March 25, 2020
Dow Jones closed over 495 points higher, S&P 500 posts a 1.1 percent gain
ABOVE VIDEO: Treasury Secretary Steven Mnuchin spoke to press during the White House Coronavirus Task Force press briefing.
(FOX BUSINESS) – U.S. equity markets rose Wednesday but gave up the bulk of the gains after Democratic lawmaker Sen. Bernie Sanders raised some concerns over the $2 trillion relief measure to provide aid to those most severely impacted by the COVID-19 pandemic.
The Dow Jones Industrial Average closed over 495 points higher or 2.4 percent after rising by as many as 1,300 points, or 6.3 percent.
While the S&P 500 posted a 1.1 percent gain and the tech-heavy Nasdaq Composite closed fractionally lower. All three of the major averages had sporadically dipped into the red earlier.
The historic package will “rush new resources onto the front lines of our nation’s health care fight, Senate Majority Leader Mitch McConnell, R-Ky., said Wednesday. “And it will inject trillions of dollars of cash into the economy as fast as possible to help Americans workers, families, small businesses and industries make it through this disruption and emerge on the other side ready to soar.”
CLICK HERE TO READ FULL ARTICLE ON FOX BUSINESS
CLICK HERE FOR BREVARD COUNTY NEWS