Stocks open with strong gains after posting back-to-back gains for first time in more than a month; Dow +1.9%, S&P 500 +1.5%, Nasdaq +1.4%.
Fed Chairman Powell may have helped sentiment with comments that the central bank would not “run out of ammunition” to keep the economy stable.
The Senate passed the ~$2T stimulus package overnight, as was expected, and the House hopes to pass the bill on Friday.
European bourses remain lower, with U.K.’s FTSE, France’s CAC and Germany’s DAX all -1%; in Asia, Japan’s Nikkei -4.5% and China’s Shanghai Composite -0.6%.
In the U.S., industrials, financials and tech are the early sector standouts.
U.S. 10-year Treasury yield down 6 bps at 0.79%.
WTI crude oil -3.6% to $23.59/bbl.