Finance

Fed announcement lifts stocks off lows

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Dow Jones Industrial Average rises 157 points

Fed to buy corporate bonds

The Fed announced Monday it would buy individual corporate bonds in the secondary market. The news sent the major averages to their session highs. This latest announcement builds on that program and shows the Fed will continue to support credit markets during the coronavirus. 

Big Tech rises, financials gain

Shares of major tech companies led the way higher for the broader market. Facebook gained 1.7% while Amazon and Netflix each advanced more than 1% as well. Bank shares added to the gains, with JPMorgan Chase and Citigroup both rising about 1.4%.

What happens next?

Data on U.S. retail sales and industrial production…



Source cnbc.com

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