Stocks Rally to Records as Investors Cheer Aid: Markets Wrap
- Trump backs away from threats, signs Covid relief measure
- Alibaba tumbles in Hong Kong amid concern over China probe
This article is for subscribers only.
U.S. equities rallied to records after President Donald Trump backed away from earlier threats and signed a coronavirus aid package.
The S&P 500 Index, Dow Jones Industrial Average and Nasdaq Composite closed at all-time highs following Trump’s surprise approval of the combined $2.3 trillion Covid-19 relief and government funding package. Germany’s DAX Index also rose to a record. Treasuries dipped and the dollar strengthened.