By Yihan (Bradley) Tian
Stocks were lifted by the Fed’s commitment to act appropriately to protect the US economy from the Covid-19 recession, and by optimism that economies will recover as lockdowns are eased soon.
The Dow has ended the day at 24,633 points, up 2.2% or 532 points.
Overnight, the Dow Jones Industrial Average lowered by 1.2%, NASDAQ Composite by 0.3%, and S&P 500 by 0.9%.
Meanwhile, President Trump has announced inclinations toward new changes in the US’s traffic policies with China over concerns regarding the COVID-19 pandemic.
Source: CNBC, Investing.com, The Guardian, Yahoo Finance
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