03/24/2020

Dow Jones Jumps More Than 1,200 Points

The improvement is being tied to a possible agreement on a stimulus package

Dow jumps more than 1,200 points on hope that a coronavirus rescue bill is close.

Wall Street surged at the opening bell on Tuesday after hitting limit up twice in premarket trade, with the coronavirus (COVID-19) stimulus in focus. Senate Majority Leader Mitch McConnell said yesterday there will be no further votes on the Republican party’s coronavirus stimulus bill.

Meanwhile, House Speaker Nancy Pelosi unveiled Democrats’ stimulus package proposal worth $2.5 trillion and said she is hopeful an agreement can be reached in the next few hours.

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