Stocks - Wall Street Pauses for Breath at Open After Epic Rally

Stocks - Wall Street Pauses for Breath at Open After Epic Rally

Mar 25, 2020

By Geoffrey Smith 

- U.S. stocks paused for breath on Wednesday after the Dow Jones Industrial Average posted its biggest one-day gain since 1933 on Tuesday in anticipation of a $2 trillion stimulus package from Congress.

The Senate is due to vote later Wednesday on the package, which was agreed in principle between the two parties late on Tuesday. The bill will still have to pass the House of Representatives.

The Dow Jones Industrial Average opened up a relatively modest 235 points, or 1.1%, at 20,940 points. The S&P 500 opened down 0.2% while the NASDAQ Composite was down 0.1%.  

 

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