This Thursday us stock index S&P 500 have risen significantly, thus completing the second trading session in a row for the first time since February 12. The reason for this was the expectation of approval by the U.S. Senate stimulus with the volume of 2 trillion USD. After the end of the trading session on Wednesday, the Senate unanimously endorsed a package of measures, however, the house of representatives will vote about the maintenance bill on Wednesday.
US policy at the moment is taking all possible measures to rescue the economy. Congress decided to allocate about 500 billion dollars to help the seriously affected sectors, and a comparable amount for direct payments of up to USD 3.000 millions of American families.
Justin Hoogendoorn from Piper Jaffray said, “Fiscal and monetary stimulus enabled the market to recover, but it's not because return of the small traders. This institutional community can say: “the World is not falling apart”
Despite the fact that the bill has not yet passed, the US stock markets begin their growth and recovery. Thus, the Dow Jones Industrial Average rose 2.39% to 21.200,55 points, S&P 500 by 1.15% to 2.475,56 points. The Nasdaq Composite index was down 0.45% to 7.384,30 points. We remind you that in February 2020 S&P 500 lost approximately 27%, or more than 7 trillion dollars of capitalization.
In addition, soared and the price of securities of Boeing Co (NYSE:BA). After the message sources that the company plans to resume production of the 737 MAX aircraft by may, after stopping for a few months after the ban on flights after a series of disasters, the price of securities rose by 24%. For the last three sessions Boeing shares jumped almost 70%, however, due to the coronavirus from the middle of February the company lost more than half of capitalization.
Shares of Apple Inc (NASDAQ:AAPL) fell 0.55% after the message of the newspaper Nikkei that the company may postpone the launch of the iPhone with the 5G technology. Still a significant blow to the capital of the company caused the stagnation of production in China.
Paper operators of cruise liners Royal Caribbean Cruises and Norwegian Cruise Line Holdings jumped by about 23%. These companies were among the firms worst hit by the pandemic.