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US markets end trading on a high for 3rd day

Mar 27, 2020 08:24 IST

US Stocks ended higher for the third straight day on Thursday as a massive coronavirus relief bill moved closer to passing Congress, and Wall Street took some historically bad unemployment figures in its stride. The S&P 500 rose 6.2%, bringing its three-day rally to 17.6%. The Dow Jones rose even steeper 21.3% since Monday. The tech-heavy Nasdaq ended higher for the second day, up 5.6%. The rise came despite data showing a record 3.28 million Americans filed for unemployment last week, as layoffs and business shutdowns swept through the country.