NEW YORK: The Dow Jones Industrial Average surged to its best day since 1933 as Congress and the White House neared a deal on Tuesday to inject nearly $2 trillion of aid into an economy ravaged by the coronavirus, foreign media reported. The Dow burst 11.4% higher, while the more closely followed S&P 500 index leapt 9.4% as a wave of buying around the world interrupted what has been a brutal month of nearly nonstop selling. Despite the gains, investors were far from saying markets have hit bottom. Rallies nearly as big as this have punctuated the last few weeks, and none lasted more than a day.
Both Democrats and Republicans said Tuesday they’re close on agreeing on a massive economic rescue package, which will include payments to U.S. households and aid for small businesses and the travel industry, among other things. A vote in the Senate could come later Tuesday or Wednesday.
Investors have been waiting in frustration for such aid, particularly as the Federal Reserve has done nearly all it can to sustain markets, including its latest round of extraordinary aid launched Monday.
Comments came after Trump reprised his complaint that multiple indictments against him were politically motivated
Wins are Labour’s latest in local elections to councils and mayoralties on Thursday
267 raids were conducted against elements involved in Hawala, Hundi and illegal currency exchange
The mountaineer ascended the peak at approximately 8:50am
Fayyaz Watto given additional powers of DG administration
His oath-taking ceremony was scheduled on Sunday which was postponed due to personal reasons