Stocks surge again after relief bill passed; indexes up 6%

1010 WINS Newsroom
March 26, 2020 - 2:32 pm

    NEW YORK (1010 WINS) -- Stocks surged again on Wall Street as a massive coronavirus relief bill gets closer to passing Congress.

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    Major indexes jumped more than 6 percent, bringing the S&P 500 up 17% since Monday.

    The astonishing rally came even as the massive scale of the downturn slamming the economy becomes more apparent. Nearly 3.3 million Americans applied for unemployment benefits last week, shattering the record set in 1982. The S&P 500 remains 22% below its February high and analysts expect more dire economic headlines in the days ahead.

    The rescue bill cleared the Senate late Wednesday and is headed for a House vote Friday.

    The Associated Press contributed to this report.