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About: http://data.cimple.eu/news-article/a7e670c2b4a4a1e067ae5830ac3167c13a2b498e301058aa3a3c32ab Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks rallied Tuesday on expectations for massive federal stimulus to address the economic hit from the coronavirus, partially recovering some of their losses from the prior session. The Dow Jones Industrial Average finished up 5.2 percent or around 1,050 points at 21,237.38, a day after shedding almost 3,000 points. The broad-based S&P 500 gained 6.0 percent to 2,529.19 while the tech-rich Nasdaq Composite Index jumped 6.2 percent to 7,334.78. US Treasury Secretary Steven Mnuchin said the White House is focused on a stimulus that would include sending checks to Americans within the next two weeks. The White House is targeting an $850 billion package, the Washington Post reported. The efforts aim to lift the economy at a time when more and more areas of the United States are shutting down economic activity to combat the spread of the virus. Karl Haeling of LBBW said the stimulus announcements boosted sentiment somewhat, but that there was still a lot of uncertainty. "We have no idea what is going to happen over the short term," Haeling said. "In general, the lack of any real good idea about what earnings are going to be is just keeping people out of the market." Stocks also got a boost from the latest emergency effort by the Federal Reserve, which unveiled a new credit facility aimed at the commercial paper market, which finances things like auto loans and home mortgages. jmb/cs
schema:headline	Dow ends up 5.2% on expectations for huge US stimulus
schema:mentions	United States Secretary of the Treasury Steven Mnuchin S&P 500 Index Dow Jones Industrial Average Federal Reserve University of Washington Presidency of Donald Trump United States Severe acute respiratory syndrome coronavirus 2 Commercial paper Landesbank Baden-Württemberg NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-17 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	60 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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