The Dow is coming off of a 500 point rally on Tuesday.
Stocks were also helped by a Bloomberg News report that the Trump administration is preparing a near $1 trillion infrastructure bill. Positive trail results showed dexamethasone — a widely available drug — can help critically ill coronavirus patients, which also boosted equities. The treatment reportedly reduced Covid-19On Tuesday, the Dow Jones Industrial Average climbed 526 points, or 2.04%. The S&P 500 and Nasdaq Composite rallied 1.9% and 1.75%, respectively.
Markets and bond yields fell from their highs following Federal Reserve Chair Jerome Powell's comments that the central bank would arrange its corporate bond buying based on market conditions and it doesn't want toPowell will have his second day of testimony on Wednesday.
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