US Congress passes $2trn stimulus in boost for markets: industry reacts

clock • 4 min read

An unprecedented $2trn emergency stimulus package was passed by the US Congress last night in an extraordinary effort to combat the effects of the coronavirus pandemic. Confirmation of the deal, which consists mostly of funds to bail out affected companies as well as so-called helicopter money for American households, resulted in the S&P and Dow stock markets witnessing their steepest one-day gains in more than 80 years. Stocks in Asia and Europe also recovered some of their recent losses before falling back in morning trading on Wednesday. The Dow Jones Industrial Average jumped 11%,...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.

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