United States

Dow jumps 1,000 points as investors await $2 trillion coronavirus package

US stocks rebounded Tuesday as investors held their breath for Congress to pass a stimulus package worth as much as $2 trillion to address the economic fallout from the coronavirus pandemic. The Dow Jones industrial average rose as much as 1,168.01 points, or 5.9 percent, at the open as lawmakers neared a deal with the Trump administration on the rescue package, which would authorize massive cash payments to troubled industrial sectors, from airlines to mom-and-pop restaurants. The S&P 500 and Nasdaq composite also jumped 5.4 and 5.3 percent, respectively, in early trading. The bounce came after a Monday selloff spurred by the Senate’s failure to pass a stimulus bill for the second time in two days. A federal spending package — w ...