S&P 500 rallies as investors await US$2tril aid package

Wall Street trimmed hefty gains late in the session after reports raised doubts about how quickly the bill might pass.

NEW YORK: The S&P 500 rallied for a second straight session on Wednesday as the U.S. Senate appeared near a vote on a $2 trillion package to support businesses and households devastated by the coronavirus pandemic.

Wall Street trimmed hefty gains late in the session after reports raised doubts about how quickly the bill might pass, but the S&P 500 and Dow Jones Industrial Average still ended up more than 1% and 2%, respectively.