Major indices up about 5% to 6%

The major US indices are opening with gains of over 5%

  • S&P index up 114 points or 5.10% at 2351.43
  • NASDAQ index up 340 points or 4.96% at 7201.29
  • Dow up 1079 points or 5.81% at 19671.89

Hopes for a fiscal stimulus package. Hopes that the Fed and central bank action will stop a sharp fall in economic activity. Hopes that the virus curve flattens are all helping the tone today.