Fed announces new measures that will provide $2.3 trillion worth of loans. S&P 500 Financials Index lead the rally in early trade. US Treasury Secretary Mnuchin says airline aid is next big thing to be rolled out. Wall Street’s main indexes started the day decisively higher on Thursday after the US Federal Reserve announced new actions that will provide $2.3 trillion worth of loans to support the economy. The Fed said it will assist households and employers of all sizes as well as state and local governments. Financial shares gain traction As of writing, the Dow Jones Industrial Average was up 2.1% on the day while the S&P 500 and the Nasdaq Composite were adding 2% and 1%, respectively. Among the 11 major S&P 500 sectors, the Financials Index is up more than 5% to lead the rally. Meanwhile, the Industrial Index is adding 2.5% boosted by US Treasury Secretary Mnuchin comments about airlines being next in line to receive a big aid. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold: Rally continues to be fueled – TDS FX Street 2 years Fed announces new measures that will provide $2.3 trillion worth of loans. S&P 500 Financials Index lead the rally in early trade. US Treasury Secretary Mnuchin says airline aid is next big thing to be rolled out. Wall Street's main indexes started the day decisively higher on Thursday after the US Federal Reserve announced new actions that will provide $2.3 trillion worth of loans to support the economy. The Fed said it will assist households and employers of all sizes as well as state and local governments. Financial shares gain traction As of writing, the Dow Jones Industrial Average was… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
