Dow Follows up on Historic Rise



The Dow Jones Industrial Average rose on Wednesday following a historic rally in the previous session in anticipation of a coronavirus stimulus deal by Congress. The White House and Senate reached an agreement overnight.

The 30-stock index vaulted 941.68 points, or 4.6%, to 21,646.59, a day after the big board notched its sharpest one-day percentage gain since 1933, and steepest point rise ever

The broader S&P 500 resurfaced 72.21 points, or 1.3%, to 2,518.68

The NASDAQ popped 103.7 points, or 1.4%, to 7,523.84.

Boeing shares rallied 30% to lead the Dow higher. A 10.3% gain in Nike also boosted the Dow.

White House and Senate leaders agreed to a massive $2-trillion coronavirus stimulus bill in the middle of the night.

Prices for the 10-Year U.S. Treasury gained, lowering yields to 0.82% from Tuesday’s 0.84%. Treasury prices and yields move in opposite directions.

Oil prices nicked higher seven cents to $24.08 U.S. a barrel.

Gold prices slumped $26.50 to $1,634.30 U.S. an ounce.