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Dow futures jump 250 points to cap off a crazy week

  • Source: CNN - - Read: 0



    New York (CNN Business)Dow futures are soaring, as investors look to cap off a wild week for Wall Street on a high note.

    US stocks rose after Europe and China announced plans for additional stimulus to shore up their economies in the wake of a global trade war.

    China's National Development and Reform Commission said Friday it would boost stimulus to shore up the country's economy, stabilize employment and give people more disposable income. Although China didn't elaborate on its plans, that was enough to soothe investors' fears about the trade war's harm to the global economy.

    China's stimulus announcement followed Hong Kong's $19 billion stimulus package, unveiled Thursday, designed to avert a recession in the wake of crippling protests.

    A European Central Bank official said late Thursda ...



    Read Full News: https://www.cnn.com/2019/08/16/investing/dow-stock-market-today/index.html

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