[ad_1]
Published:,
On Tuesday, the US stock market was marked by the news that Donald Trump will stop negotiations on a new financial crisis package until after the elections.
The news sent all three major indices down sharply, but not enough to lose all of Monday’s gain.
On Wednesday, Wall Street saw a surge after Trump overnight proposed a separate bill on crisis aid.
The new bill the president proposes will send individual checks to American households in the amount of $ 1,200 (11,150 crowns), until a larger crisis package is established after the election.
On Wednesday, the industry-heavy Dow Jones rose 544 points, a rise the major index hasn’t seen since mid-July.
This is how the trading day ended:
- Dow Jones rises 1.91 percent
- Nasdaq increased 1.88 percent
- S&P 500 up 1.74 percent
The price of oil sees a rise of 0.41 percent at the close and is trading at $ 41.06. A barrel of US light oil is trading at $ 39.96.
Today’s rally also comes after news that Trump will offer additional support to US airlines.
In a Twitter message, Trump urges Congress to approve support for airlines and small businesses, using unused capital from the previous crisis package.
Shares of United Airlines rose more than 4 percent during the day, while Delta Airlines rose 3.44 percent.
Dow Jones jumps more than 300 points
