Coronavirus: Bay Area stocks rally as relief bill moves forward

Coronavirus: Bay Area stocks rally as relief bill moves forward

4 years ago
Anonymous $9CO2RSACsf

https://www.siliconvalley.com/2020/03/26/coronavirus-bay-area-stocks-rally-as-relief-bill-moves-forward/

The shares of notable Bay Area companies such as Apple, Intel and Tesla rallied strongly along with the broader stock market Thursday as investors showed their enthusiasm over the coronavirus relief package clearing the Senate and heading toward the House of Representatives for final legislative approval.

In early trading, the Dow Jones Industrial Average was on track for a third-straight day of gains, as the blue chip stock market gauge climbed by 850 points, or 4%, to 22,050.70. The S&P 500 was also up by 4%, at 2,572.01, and the Nasdaq Composite Index rose 3.2%, to 7,614.94.