( Reuters) – Wall Street rallied for a second straight session on Wednesday as the U.S. Senate neared a vote on a $2 trillion package to support companies and families devastated by the coronavirus pandemic.
Boeing rose 30%, bringing its gain over the previous 3 sessions to over 70%, as investors bank on government assistance for the aerospace market along with airlines. American Airlines Group ( AAL.O), United Airlines Holding ( UAL.O) and Delta Air Lines ( DAL.N) each leapt more than 15%.
Boeing, as soon as the sign of U.S. manufacturing strength, stays down by about 50?cause mid-February.
Top assistants to Republican President Donald Trump and senior Senate Republicans and Democrats said they had actually agreed on the unprecedented stimulus bill, that includes a $500 billion fund to help hard-hit markets and an equivalent amount for direct payments of as much as $3,000 each to millions of U.S. families.
A draft text for a $2 trillion economic rescue seen by Reuters would use passenger airlines $25 billion in grants and $25 billion in loans, freight automobile