Stocks Open 2% Higher After Senate Passes Virus Relief Bill

NEW YORK (AP) — Stocks are opening broadly higher on Wall Street after the Senate approved a $2.2 trillion bill to provide economic relief for damage done by the coronavirus outbreak.

Major indexes were up more than 2% in early trading Thursday, following their first back-to-back gains since a dramatic sell-off took hold of markets five weeks ago.

Investors were relieved that a massive surge in unemployment applications, despite busting records at 3.3 million, fell short of the worst forecasts.

The outbreak has happened so suddenly that the jobless report is one of the first points of data showing how much economic pain it’s creating. 

About Justin Saunders

Justin Saunders has nearly 10 years of experience in radio, television, online and newspaper journalism across the US and Canada. Justin joined the CapeCod.com NewsCenter in May 2014 and continues to help provide coverage of the Cape and Islands.



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