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The Latest: Stocks gain; gov't pledges support for airlines

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NEW YORK, N.Y. – The Latest on action in the financial markets (all times local): 12:30 p.m. The stock market has doubled its gains as members of the Trump administration provide details about plans to support the U.S.

economy during the coronavirus outbreak. Included in whatever economic bailout package comes forth will be substantial financial aid for the airline industry.

Shares of big carriers such as American and United have been pummeled as countries restrict travel and travelers choose to stay home.

The U.S. airlines have asked the federal government for grants, loans and tax relief that could easily top $50 billion to help them recover.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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