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Stocks rally as Congress crafts 3rd coronavirus stimulus package

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NEW YORK - U.S. equity markets gained Friday as lawmakers continued to work towards hammering out a third coronavirus stimulus package.

The third package would guarantee low-interest loans for small businesses, give cash payments to most Americans, provide loans to the industries hardest hit by the virus-related slowdown and extend funding to hospitals and medical centers. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates The Dow Jones Industrial Average climbed 134 points, or 0.7 percent, while the S&P 500 and Nasdaq Composite rose 1.01 percent and 1.6 percent, respectively.

Dow heavyweight Boeing saw some relief after four days of declines that erased 43 percent of its market value. On Thursday evening,

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