Dow surges 11% for its best day since 1933 as $2 trillion coronavirus aid package nears approval | Markets Insider

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Dow surges 11% for its best day since 1933 as $2 trillion coronavirus aid package nears approval | Markets Insider
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Dow spikes 2,113 points on coronavirus bill optimism. It’s a massive stock rally — the biggest gain since 1933 — amid multiple reports that a coronavirus economic aid package is coming soon.

JPMorgan reveals the 6 issues that will shape the endgame scenario for coronavirus as it derails the financial system - and shares what investors should be prepared for

There's also likely to be volatility in markets until the number of cases of COVID-19 peaks in the US, Jeff Kleintop, chief global investment strategist at Charles Schwab, told Business Insider. Oil might be a better indicator of the economic backdrop as opposed to investor sentiment, according to Kleintop. The commodity gained early in the day but pared losses as a glut of supply and weakening demand due to the coronavirus pandemic outweighed efforts by the US government to boost the economy.

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