US stocks rise after the Fed's actions
US stocks rose, after their biggest drop since the collapse of 1987, as the Federal Reserve took more steps to boost liquidity in the market, which is suffering from business and travel disruptions due to the coronaryvirus epidemic.
The S&P 500 rose 5% after the Fed purchased short-term corporate debt, and the Trump administration is also seeking a massive $ 850 billion stimulus package to support the US economy.
The Dow Jones industrial average rose 745.20 points, or 3.69%, to 20,033.72 points, the Standard & Poor's 500 Index rose 116.44 points, or 4.88%, to 2,502.57 points, and the Nasdaq Composite Index rose 358.52 points, or 5.19%, to 7263.11 points.
