The deal is on: U.S Senate agrees on historic $2 trillion stimulus package!

The deal is on: U.S Senate agrees on historic $2 trillion stimulus package!

The White House and Senate agreed on a $2 Trillion stimulus package to help an economy in distress amid the rapid Coronavirus spread. The conclusion comes after several days of intense negotiations that have kept the financial markets guessing and have caused immense volatility.

According to sources, the funds will be split as follows: $250 Billion for individuals and families, $350 Billion as small business loans, $250 Billion as unemployment insurance benefits, and $500 Billion as loans for companies in desperate needs of capital. Further details will come as soon as the bill goes to the House, and President Trump ratifies it.

If it passes, this set of measures will become the most significant legislative action taken against the Covid-19 crisis, with senators calling it “the largest rescue package in American history.”

On late Tuesday trading, March 24, U.S indexes surged in anticipation of the deal. The Dow Jones jumped more than 11%, and the S&P 500 climbed the most in twelve years. In Europe, U.K.’s FTSE 100 opened 1.5% higher. Analysts expect fluctuations in prices for today, as investors will be weighing in these measures.


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Sources: edition.cnn.com, theguardian.com, finance.yahoo.com

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The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.