The blue-chip index Dow Jones Industrial Average added 13% in two days after the While House and Senate reached an agreement on a stimulus package against the economic effects of the coronavirus. The benchmark posted an increase of nearly 2.4% on Wednesday, reaching 21,200.55 points. The stocks of Boeing rose by more than 24%, being among the best performers. For its part, the broad meter S&P 500 added almost 1.2% to 2,475.56 points.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 3.70% to 63.95.

Today’s performance is the first time since February when the two indexes have risen in two consecutive sessions.

During its peak in the session, the growth of the Dow reached 6% and that of the S&P 500 – over 5%.

However, the technology index Nasdaq Composite declined by 0.5% to 7,384.29 points after shares of FAANG Group companies – Facebook, Amazon Apple, Netflix, and Alphabet – fell.

The blue-chip index added more than 2,100 points on Tuesday – over 11%, recording its biggest one-day increase since 1933 and its biggest increase ever. The broader meter added 9.4%, its best day since October 2008.

The good mood of the stock market is a fact after it became clear that the White House and the Senate have agreed on a 2 trillion USD stimulus package to combat the economic effects of coronavirus.

Despite the good mood, some investors still believe that the number of coronavirus patients should decline before the market hits bottom.

Earlier today, it became clear that the death toll in Spain had exceeded the casualties in China. Globally, more than 400,000 people are infected by the COVID-19, of whom nearly a quarter are now well-healed.

Yields on US Treasuries are increasing, with 10-year and 30-year bonds being 0.859% and 1.438%, respectively.

The dollar index, which measures the strength of US money against a basket of competing currencies, drops to 100.89 points.

Corporate stocks performance

Rising stocks outnumbered declining ones on the New York Stock Exchange by 2,307 to 616 and 24 ended unchanged. On the Nasdaq Stock Exchange, 1,714 rose and 992 declined, while 45 ended unchanged.

Shares in Immutep Ltd ADR fell to 3-years lows, wiping 52.03% today.

The stocks of Boeing Co rose by 24.32%, being the best performing shares within the blue-chip index. The growth came after the US Senate reached a deal on a massive 2 trillion USD stimulus bill. Along with direct payments to many Americans, the bill sets aside billions of dollars in aid to various industries, including the airline industry. There was another piece of positive Boeing news after reports that the company is planning on restarting production of its grounded 737 Max plane by May. That timeline depends on a lot of things going right. The novel coronavirus pandemic will need to be largely under control by then, and US regulators will need to clear the plane for service.

Meanwhile, United Technologies Corporation added 10.87% and Nike Inc was up by 9.24%.

Stocks hardest hit by the shutdowns resulting from the coronavirus led the gains Tuesday. Shares of Wynn and MGM Resorts both surged more than 15%. Delta Air Lines jumped more than 21%. General Motors shares, meanwhile, climbed nearly 20% after the automaker announced it will draw about $16 billion from its credit facilities to mitigate the coronavirus impact.

The top performers on the S&P 500 were Aflac Inc (+26.18%), Boeing Co (+24.32%) and Norwegian Cruise Line Holdings Ltd (+23.35%), while on the flipside were Target Corporation (-9.47%), CenturyLink Inc (-9.05%) and Walgreens Boots Alliance Inc (-8.42%).