Dow futures soar Wednesday as optimism about the reopening of the economy builds.
than the $3 trillion package that House Democrats approved earlier this month. Even as states start to reopen, McConnell said, "We need to make sure we have unemployment insurance properly funded for as long as we need," as tens of millions of people lose paychecks.
Congress has passed four bills to respond to the crisis, most recently approving a plan to replenish a small business aid program about a month ago.A "For Sale" sign is displayed outside a home under construction in the Norton Commons subdivision in Louisville, Kentucky, U.S., on Monday, March 23, 2020.In another sign of a possible quick recovery in the housing market, mortgage demand last week. Total applications for home loans rose 9%, the Mortgage Bankers Association reported Wednesday. It's the sixth straight week of gains and a 54% recovery since early April. Buyers were helped by near record low mortgage rates. The average 30-year fixed-rate with conforming loan balances of $510,400 or less only slightly ticked up to 3.42%. On Tuesday, the government said newly built homes4. More businesses reopen across the country Los Angeles Mayor Eric Garcetti said retail stores can restart their businesses again Wednesday if they meet county guidelines,
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