Dow soars 553 points on mounting optimism around a strong economic recovery

US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies.
The European Commission proposed an $826 billion stimulus package intended to aid recovery from the coronavirus-induced recession.
A midday swoon was alleviated when chipmaker Micron issued a quarterly sales forecast that beat Wall Street estimates, spurring a rally in semiconductor stocks and pulling the tech-heavy Nasdaq out of negative territory.
Oil slipped after