Stock markets rise on huge economic support plans

WALL STREET. A woman walks past the New York Stock Exchange on March 19, 2020. Photo by Johannes Eisele/AFP

London's stock market won about 2% one day after the Bank of England slashed interest rates to a record-low 0.1% and ahead of new United Kingdom state stimulus plans later Friday. United States stocks rose at the opening bell, with the Dow adding 0.5% in the first couple minutes of trading, as US authorities move forward with stimulus plans."The stock markets' upside is a result of a number of big bazookas fired off by central banks," Scope Markets analyst James Hughes told Agence France-Presse , before sounding a note of grim caution.

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