NgospelMedia.Net
Nectes Gospel Media is The Largest Repository of Your Favourite Entertainment Website, Open Heaven, Open Heavens, Christian Music, Shiloh 2018, DCLM Daily Manna, Winners’ Chapel, Rhapsody of Realities, Seeds of Destiny, RCCG Sunday School Manual, Health, Pastor Faith Oyedepo, David Oyedepo, RCCG, MFM, Our Daily Bread, Salvation Ministries, Billy Graham, David Abioye, Andrew Wommack, Joyce Meyer, Kenneth Copeland, TREM Devotional.World/Nigeria & Naija Gospel Music Downloads, Videos, Lyrics, Artiste Biography, Daily Devotionals. NgospelMedia is mainly a Christian Website, as the Domain Name Speaks; Gospel; Which is also tagged as a Gospel On-line Ministry for Souls...

- News -

Read The Latest Coronavirus News Updates Globally Here: "Coronavirus Live News Updates" | Or Visit Our Full Global Statistics Page for Detailed Informations On Coronavirus Here

- Advertisement -

US stocks sputter despite $2 trillion coronavirus rescue deal

- Advertisement -

- News -

Read The Latest Coronavirus News Updates Globally Here: "Coronavirus Live News Updates" | Or Visit Our Full Global Statistics Page for Detailed Informations On Coronavirus Here

- Advertisement -

managed wordpress hostingUS stocks sputter despite $2 trillion coronavirus rescue deal 1
US stocks struggled to continue their midweek rally Wednesday even after Congress and the White House agreed on a massive stimulus package to address the coronavirus pandemic.

The Dow Jones industrial average climbed as much as 736.37 points, or 3.5 percent, in early trading after lawmakers reached an overnight deal for a $2 trillion spending package to blunt the economic damage from the virus.

But the blue-chip index pared the gain to 280.11 points, or 1.3 percent, as Wall Street’s two other indexes sputtered. The S&P 500 was off 0.3 percent as of 10:49 a.m. after jumping more than 1 percent at the open. And the Nasdaq composite was recently down 0.8 percent after an early gain of 1.8 percent.


US stocks sputter despite $2 trillion coronavirus rescue deal 2US stocks sputter despite $2 trillion coronavirus rescue deal 3

The choppy trading came after the Dow surged more than 2,100 points on Tuesday on hopes that Congress would finally match the Federal Reserve’s aggressive response to the coronavirus. The blue-chip index has not closed two consecutive days in the green since early February as the pandemic pushed it into a bear market.

US stocks sputter despite $2 trillion coronavirus rescue deal 4US stocks sputter despite $2 trillion coronavirus rescue deal 5

But market observers say the virus will remain a threat to the economy and the stock market as long as it continues to spread in the US even despite Congress’s enormous effort to stanch the bleeding.

US stocks sputter despite $2 trillion coronavirus rescue deal 6US stocks sputter despite $2 trillion coronavirus rescue deal 7

“Stimulus is what you do for a slowing economy. This is an economy that’s gone into cardiac arrest,” Josh Brown, CEO of Ritholtz Wealth Management, wrote in a commentary. “So we’re taking out the paddles to try to keep it alive awhile longer.”

It’s likely “premature” to hail the stimulus deal before Congress finalizes its terms and reveals all the hairy details, said Ed Moya, senior market analyst at OANDA.

“Volatility is likely to remain on overdrive and it will be difficult to imagine a scenario that will see global equities further advance throughout the remainder of the week,” Moya said.

US stocks sputter despite $2 trillion coronavirus rescue deal 8US stocks sputter despite $2 trillion coronavirus rescue deal 9
US stocks sputter despite $2 trillion coronavirus rescue deal 10US stocks sputter despite $2 trillion coronavirus rescue deal 11
Enjoy Daily Prayers and , Open Heavens Daily Devotional, Billy Graham Daily Devotional , Our Daily Bread Devotionals , UCB Word for Today Devotionals , In touch Ministries Daily Devotionals , My Utmost For His Highest Daily Devotionals , All Rccg Live programs and Events , Rccg Sunday School Manuals ( Weekly Teacher and Students Manuals ) , Winner Chapel Daily Covenant Hours and Programs , Dclm Pastor Kumugi Daily Manna Devotional , Seeds Of Destiny Daily Devotional , Spirit Meat Rev. Olusola Areogun Daily Devotional , CAC living Water Daily Devotional Guides , CAC Weekly Sunday School Manuals , Rhapsody Of Realities Daily Devotionals , Our Daily Journey Devotionals , Turning Point Today Daily Devotionals , Christian Useful Secrets Tips , Download  Nigerian Worship Video Musics and songs  And MP3 , Ray Stedman Daily Devotional , Pastor Benny Hinn Inspirational Teachings , Bishop David Oyedepo Inspirational Teachings, Pastor Rick Warren Daily Hope Devotional , Pastor Faith Oyedepo Motivational Messages , Daily Devotions Etc

- Advertisement -

Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time

- Advertisement -

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More






%d bloggers like this: