The Dow Jones Industrial Average grew 330 points on Tuesday amid optimism about the prospects of another round of COVID-19 stimulus as bipartisan lawmakers unveiled a $908 billion package.
Dec.15 (UPI) — The Dow Jones Industrial Average climbed more than 330 points on Tuesday as U.S. markets rebounded amid renewed hope for another round of COVID-19 stimulus. The blue-chip index rose 337.76 points, or 1.13%, while the S&P 500 gained 1.29% and the Nasdaq Composite closed up 1.25% in the first day of trading after a bipartisan group of lawmakers introduced their latest stimulus proposal. The version of the bill released Monday included a $748 billion package focused on funding for education, vaccines and transportation, alongside a $160 billion add-on including the most contentious provisions such as state and local funding and a short-term liability shield for employers.
