U.S. STOCKS SURGE DESPITE PRESIDENT TRUMP’S SUSPENSION OF STIMULUS TALKS

Highlights

• The S&P 500 index jumped over 1 percent following series of tweets made by the U.S. President regarding support to $1200 stimulus checks, $25 billion bailout to airlines along with $135 billion for small businesses

• The Dow Jones Industrial Average index went up by 413.98 points or 1.49 percent to 28,186.74 and the tech-heavy Nasdaq Composite jumped 164.83 points or 1.48 percent to 11,318.87