Market Update

Stock market gets a jolt from stimulus bill

Stock market gets a jolt from stimulus bill

In its best three-day stretch since 1931, Wall Street roared back to life this week despite some incredibly abysmal unemployment numbers. 

The big news that helped rally markets was the Senate passing a $2 trillion stimulus bill. The bill includes a payout to American families, a $500 billion pool of taxpayer money to help businesses and $25 billion in grants to airlines among other items. The news of the Senate’s passing of the bill helped the Dow jump by 1,300 points, well over the 22,000 point mark, on Thursday.

Continue reading Stock market gets a jolt from stimulus bill at Movement Mortgage Blog.

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