Wall Street jumps on hopes of US$2 trillion stimulus

Dow Posts Largest One-Day Point Gain Ever, Biggest Percentage Gain Since 1933, as Trump Mulls End to Shutdown

Wednesday's Stock Market Open: US Equities Drifting Despite Agreement On Stimulus Bill

On Wednesday, the 25th of March 2020, the benchmark Standard & Poor 500 index alongside Dow had extended their rallies as the USA senate appeared to be getting closer to pass a $2 trillion fiscal aid to support businesses and individuals, while following another tumultuous session, a majority of European stock indices had rounded off the day in the greens despite shattered investors' optimism amid a clattering wave of coronavirus pandemic pouring perils on major European economies. Majority Leader Mitch McConnell, jointly announced a bi-partisan agreement was reached, in hopes of sparing the United States from an economic depression amid the spread of coronavirus. "In effect, this is a war-time level of investment into our nation".

After the White House and Senators agreed on a deal to aid businesses and millions of Americans hit by the health crisis, futures briefly surged but soon reversed course as traders said much of the stimulus had been priced into financial markets. Senate Majority Leader Mitch McConnell later said the bill is at the "five-yard line".

While U.S. stock smarkets enjoyed a massive rally on Tuesday, some were skeptical about it.

"This is a one-day bull market", CNBC's Jim Cramer said on "Closing Bell" on Tuesday.

Indian condemns Kabul Gurudwara attack
At the same time, Pakistan has taken advantage of this opportunity to help terrorist groups operating in Afghanistan. The ministry said in a statement that 80 people, including women and children, were rescued from the gurdwara.

"They want to see the government throw out all the backstops to help support low income or service oriented consumers", said Andrew Smith, chief investment officer at Delos Capital Advisors in Dallas, Texas. "Because until then we'll have these huge relief-rally days - then we'll get a scary day and the market will plunge down again".

The number of known infections has leaped past 450,000 people worldwide, and more than 20,000 have died, according to Johns Hopkins University.

"The German economy is in shock", the Ifo institute said on Twitter.

"It's unprecedented and the highest it's been since the metric even began in the '60s", he said. "Germany is no exception", he added.

La confiance des Français envers l'exécutif en baisse — Coronavirus en France
En tout cas, ce seront des moyens " dans la limite de nos capacités ", avait affirmé le premier ministre Edouard Philippe, un peu plus tôt au Sénat.

In the USA, total mortgage application volume plunged 29.4% last week, according to the Mortgage Bankers Association.

But even optimists say the package provides just the second leg of three that markets need to regain lasting confidence.

Orders for durable goods unexpectedly rose by 1.2% in February. The market is now down almost 27% since setting a record high a month ago. The Shanghai Composite Index declined 0.6% to 2,764.91. The euro gained to $1.0905 from $1.0880.

The May crude contract was down 79 cents at US$23.70 per barrel and the May natural gas contract was down 0.8 of a cent at US$1.71 mmBTU.

Kevin Hart and wife expecting their second child
After that, he was also involved in a fatal vehicle crash accident in California, but luckily, he was able to recover from that. In a photo where she revealed the big bump, she said they are counting their blessings and couldn't more grateful.

USA gold futures settled 1.5 per cent lower at US$1,634.90 an ounce, a day after posting their biggest one-day jump since 2009.

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