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19 May: Stock market news for May 18, 2020

Stock market news Latest stock market news for May 18, 2020. A rally for the US stock market based on two factors. “Dow soars on vaccine and bailout optimism: May 18, 2020. Dow and S&P 500 log best day in six weeks.US stocks rallied into the close on Monday, boosted by hopes for a potential Covid-19 vaccine, as well as further stimulus for the US economy. The Dow and the S&P 500 recorded their best performances in six weeks. The Dow finished 912 points, or 3.9%, higher, its best point and percentage gain since April 6. The index was up 1,023 points at its peak today.The S&P 500 climbed 3.2%, its best day since April 8.The Nasdaq Composite 2.4%, logging its best day since April 29.Federal Reserve Chairman Jerome Powell said in an interview Sunday that America’s economy might need more help from the Fed and the government to get through the coronavirus…