Wall Street rallies, led by healthcare jump

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U.S. stocks rose on Monday as President Donald Trump followed last week's massive fiscal stimulus package by extending his stay-at-home ...

U.S. stocks rose on Monday as President Donald Trump followed last week's massive fiscal stimulus package by extending his stay-at-home guidelines, leaving investors hopeful the economic impact of the coronavirus could still be contained. A record US$2.2 trillion in aid and policy easing from the Federal Reserve helped equities recover some of their losses last week, with the S&P 500 posting its biggest weekly percentage gain in over a decade and the Dow Jones its best since 1938.

NYSE-AMEX Options floor traders from TradeMas Inc. work in an off-site trading office built when the New York Stock Exchange closed, due to the outbreak of the coronavirus disease , in the Brooklyn borough of New York City, U.S., March 26, 2020. REUTERS/Brendan McDermid

 

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