REUTERS: Wall Street's main indexes jumped on Wednesday as investors grew hopeful of at least a partial deal on more fiscal stimulus after U.S. President Donald Trump abruptly called off negotiations on a comprehensive bill in the previous session.
Hopes of a new round of fiscal aid had fueled a broad rally in U.S. stocks on Monday. Federal Reserve Chair Jerome Powell on Tuesday also called for more help for businesses and households to keep a nascent economic recovery from faltering. "A Biden presidency will probably have even more fiscal stimulus and that could be more positive for smaller businesses, so there's a chance that small-caps will actually start to outperform versus the big technology companies," Neel said.
At 11:28 a.m. ET, the Dow Jones Industrial Average was up 1.55per cent, the S&P 500 was up 1.29per cent and the Nasdaq Composite was up 1.34per cent.
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