Dow surges 1,352 points, reenters bull market, as traders cheer coronavirus stimulus bill


Reuters / John Gress US stocks gained Thursday as investors shrugged off a huge number of weekly jobless claims spurred by layoffs related to the coronavirus outbreak. The Dow Jones industrial average surged 6.4% — or 1,352 points — to extend its three-day surge to 21%. That means the index has officially reentered a bull market just weeks after the last one ended. Investor optimism continued to build around the $2 trillion coronavirus stimulus package the Senate passed late Wednesday. The bill includes unemployment-benefit expansions, help for businesses, and payments for Americans to help bolster the US economy amid the fallout from the pandemic. Read more on Business Insider. US stocks rose on Thursday, notching the first three-day rally since February, after the Senate passed a $2 trillion coronavirus stimulus
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