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Stocks Post Third Straight Gain With Stimulus Near: Markets Wrap

  • Senate passes $2 trillion rescue plan, House vote is next
  • Americans file record jobless claims; crude, dollar slide
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Goldman's Kostin Says S&P 500 Will Trough at 2,000, Rebound to 3,000 in 2H
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U.S. stocks rallied again as investors speculated that the $2 trillion rescue package poised to pass Congress will blunt the coronavirus pandemic’s toll on the economy. Treasuries held gains and the dollar fell.

The S&P 500 closed near session highs, posting its first three-day rally since February. The Dow Jones Industrial Average saw its biggest three-day gain since 1931 -- and is now 21% above its March 23 trough -- buoyed by another big advance in Boeing Co.