Wall Street surges on expectation of $2 trillion rescue package

Coronavirus: Stocks surge on hopes for a $2-tn U.S. stimulus deal

S&P futures hit upper trading limit after another brutal session

The Dow industrials fell 190 points, or 1%. "There are still a few little differences".

Similar sentiments were expressed by Michael Novogratz, the CEO of Galaxy Digital, during the latest showing of the financial outlet's "Squawk Box" morning program.

"It is barely 10am in London and United States futures have already gone "limit up" holding back any further gains for the time being, while European markets continue to stage a rebound from the lows of last week", said IG's Chris Beauchamp.

The Dow burst 11.4% higher, while the more closely followed S&P 500 index leapt 9.4% as a wave of buying around the world interrupted what has been a brutal month of almost nonstop selling.

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Bombardier will suspend Canadian production of its corporate jets to comply with restrictions imposed by provincial governments aimed at curbing the spread of the coronavirus, a source familiar with the matter said on Monday. "It doesn't necessarily mean the market's going to go up, but a lot of that insane volatility is kind of coming out".

Tuesday's point gain followed a dark day for Wall Street, as Monday saw a 600 point plunge after the stimulus package failed to gain approval for the second time. The Dow dropped 582.05 points, or 3%, to a new three-year low on Monday and was headed to notch its worst calendar month since 1931.

"What we don't know at this stage is how long it will take to contain the virus that is still spreading exponentially, and what kind of damage that will do to both populations and economies across the globe".

Democrats have criticized the $500 billion fund that the Republican proposal sets aside for distressed businesses, calling it a bailout fund 'with no strings attached'.

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The New York Times also reported on Sunday that " New York State now has roughly 5 percent of coronavirus cases worldwide". In February, it was also announced that the federal government will cut $8 billion of funds to NY health care providers.


"I don't think there's any representative in the House or ... in the Senate who's gonna be willing to sit back and debate a lot of issues ... and political talking points when you have what could be essentially as many as 3 million people filing for unemployment insurance", Ricchuito said. The Federal Reserve is doing almost all it can, and it launched its latest round of extraordinary aid Monday.

USA stock-index futures and global equities rose after the Federal Reserve stepped up its assistance to the American economy, saying it would back lending to businesses and buy essentially unlimited amounts of government debt.

Wall Street and some other stock markets have lost almost one-third of their value over the past month as business shutdowns spread and airlines, retailers and other industries suffer rising losses. The exchange announced the move last week after two employees tested positive for the virus.

Didier Raoult, l'infectiologue qui prône la chloroquine pour soigner le coronavirus — France
Elle n'est pas non plus "en double-aveugle", une méthode qui fait que médecins et patients ignorent qui reçoit le traitement. Mais le docteur Didier Raoult a décidé de la tester sur 24 patients atteints par le virus, pour lutter contre la maladie.


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