North American stock markets up as deal on aid deal in U.S. appears likely

Markets, Shares, Finance, Stocks, Asia, Europe, U.S., Wall Street, World, Tsx, Energy, Currency, Coronavirus

UPDATE: Stocks surge 7 per cent on building hopes for U.S. virus stimulus

Markets, Shares

3/24/2020

UPDATE: Stocks surge 7 per cent on building hopes for U.S. virus stimulus

North American stock markets were sharply higher in late-morning trading as it appeared the U.S. Congress and White House officials may reach an agreement on nearly $2 trillion in aid for the economy.

The S&P/TSX composite index was up 892.69 points at 12,121.18. In New York, the Dow Jones industrial average was up 1,372.36 points at 19,964.29. The S&P 500 index was up 146.46 points at 2,383.86, while the Nasdaq composite was up 400.91 points at 7,261.58. The Canadian dollar traded for 69.01 cents US compared with an average of 69.05 cents US on Monday. The May crude contract was up 13 cents at US$23.49 per barrel and the May natural gas contract was up 7.4 cents at US$1.747 mmBTU. The April gold contract was up US$69.80 at US$1,637.40 an ounce and the May copper contract was up 12.10 cents at US$2.2215 a pound. This report by The Canadian Press was first published March , 2020 RELATED IMAGES Read more: CTV News

North Korea doubles down on missile development, military exercises with global focus on coronavirus outbreakSome international experts are skeptical of North Korea’s assertion that it has not had a single case of the new coronavirus, which was first detected in neighbouring China

Futures point to positive open for U.S. stocks as U.S. aid deal nearsThe futures market points to a positive open for U.S. stock markets as top congressional and White House officials say they expect to reach a deal on a US$2-trillion rescue package.

Global stocks rise after U.S. Fed promises economic supportGlobal stock markets and U.S. futures surged Tuesday after the Federal Reserve promised support to the struggling economy as Congress delayed action on a US$2 trillion coronavirus aid package. What a broken system. Profits should not be priority in any of this...

Coronavirus: Global stocks surge after U.S. Federal Reserve promises supportGlobal stock markets and U.S. futures surged Tuesday after the Federal Reserve promised support to the struggling economy as Congress delayed action on a $2 trillion coronavirus aid package. It will be short lived! Stock market is fickle! It will crash. Businesses are closed. People are unemployed. Saving money to pay critical bills (housing, food, electrical, etc) Other than that, no spending. Stock market is based on growth. Market currently ain't growing folks! 🤔

Coronavirus: Stocks surge on hopes for a $2-tn U.S. stimulus dealMajor equity indexes are rallying amid news that the U.S. Congress is nearing a deal on a massive economic stimulus package.

U.S. shames Afghan leaders' obstinance over peace dealWashington's unprecedented threat to cut US$1 billion in Afghanistan funding -- a response to the refusal of rivals in Kabul to work together to advance peace -- comes at a time when the impoverished nation risks being overwhelmed by the coronavirus pandemic.



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