Wall Street bounces back as hopes of a government stimulus calmed investors' fears surrounding the economic fallout from the coronavirus outbreak
NEW YORK - Wall Street roared back to life on Tuesday, rebounding from the brink of bear market confirmation as bargain-hunting and hopes of government stimulus calmed investors’ fears surrounding the coronavirus and growing signs of imminent recession.
U.S. President Donald Trump said he will take “major steps” to allay market fears by asking Congress for a fiscal stimulus package to include a payroll tax cut, among other measures. Outside the United States, major world economies took steps to cushion the effects of the fast spreading COVID-19.
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