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Coronavirus: Stocks surge on hopes for a $2-tn U.S. stimulus deal
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North American stocks jumped at the open on Tuesday as signs that Washington was nearing a deal on a $2-trillion rescue package for the coronavirus emergency gave a shot of optimism to markets reeling under the biggest selloff since the global financial crisis.
The Dow Jones Industrial Average rose 1,130.26 points, or 6.08 per cent, at the open to 19,722.19. The S&P 500 opened higher by 107.04 points, or 4.78 per cent, at 2,344.44.
The Nasdaq Composite gained 335.47 points, or 4.89 per cent, to 7,196.15 at the opening bell. In Toronto, Canada’s benchmark S&P/TSX composite index was up 718.30 points at 11,946.79.
The Canadian dollar traded for 69.16 cents US compared with an average of 69.05 cents US on Monday. The May crude contract was up
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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