Dow surges 800 points as index looks for first back-to-back gains in 7 weeks
The Dow Jones Industrial Average saw its gains firm Wednesday midday, helping the blue-chip index find purchase above the psychologically significant level at 21,000, putting the index in position for its first consecutive closing gain since early February. An advance for U.S. stocks at least partly were being attributed to fresh optimism that a bill to help workers and businesses deal with shutdown caused by attempts to mitigate the deadly viral outbreak.
The Senate is expected to vote on the bill later Wednesday and the House may hold a vote later in the day or tomorrow, according to reports. Investors have been waiting for signs of fiscal measures to help limit the economic harm from responses to the pandemic that is likely to throw the domestic and global economy into a recession. The S&P 500 index SPX, +2.91% was up 3.2% at 2,526, while the Nasdaq Composite Index COMP, +1.35% advanced 1.4% at 7,519, while the Dow DJIA, +4.
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