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Stocks Rise for Second Day With Stimulus in Sight: Markets Wrap

  • Treasuries steady as U.S. lawmakers haggle over relief details
  • Texas crude rebounds; gold declines; European shares advance
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The coronavirus pandemic has opened up “several lines of global systemic fragility,” according to Lena Komileva of G Plus EconomicsMarkets: European Open. (Source: Bloomberg)
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U.S. stocks posted their first back-to-back gains since Feb. 12 as investors awaited unprecedented government spending packages aimed at countering the hit from the coronavirus pandemic. Ten-year Treasury yields were steady.

The S&P 500 Index logged its biggest two-day advance since November 2008 after overnight negotiations in Congress paved the way for a vote on the stimulus bill this week. Boeing Co. rallied 24%, lifting the price-weighted Dow Jones Industrial Average toward its best two days since 1987. The blue-chip index is still down about 25% from its February record.