Dow ends 1.3K pts up on COVID-19 bill optimism

Thursday, 26. March 2020 21:00

The Dow Jones Industrial Average gained over 1,350 points at the end of Thursday's trade after United States House of Representatives Speaker Nancy Pelosi assured the public that she is "certain" the $2 trillion coronavirus economic stimulus bill will have bipartisan support in Congress. Meanwhile, the US offered $15 million for the arrest of Venezuelan President Nicolas Maduro while senators threatened Saudi Arabia with sanctions over the ongoing oil price war.

The Dow ended 6.38% higher, with Boeing increasing 13.75%. The Nasdaq 100 finished 5.72% in the green as NetApp jumped 12.63%. The S&P 500 gained 6.24% at the close. The index was led higher by beauty company Coty which surged 24.16% after announcing plans to produce hand sanitizer.

The euro jumped 1.57% against the dollar to 1.10542 at 4:04 pm ET.

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