08-04-2020 20:58 via feedproxy.google.com

The Dow climbs 700 points after Trump administration shares COVID-19 recovery plan

US stocks gained on Wednesday as investors cheered a slowdown in new US coronavirus cases and the White House's early plans for economic recovery.
The gains came after Tuesday's wild reversal that saw all three major US indexes erase sharp early gains and close lower.
The Trump administration said on Tuesday that it planned to reopen economies in smaller cities and towns less harmed by the outbreak before allowing larger, heavily hit cities to resume activity.
Oil continued to slide as traders h
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