Stock market live updates: White House and Fed boost stocks, Dow surges 1,000, Boeing craters

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Treasury Secretary Steven Mnuchin said financial markets will stay open but it’s possible to cut trading hours. “We may get to a point where we shorten the hours if that’s something we need to do,” Mnuchin said during a press conference Tuesday. Stocks have been in a turmoil where trading was halted briefly multiple times to prevent the market from falling through the floor. Market volatility, measured by the VIX, also surged to the highest level ever amid weeks of wild trading. – Li

Stocks jumped in midday trading as President Trump and Treasury Secretary Steven Mnuchin announced additional measures to fight the coronavirus. The Dow rose 1,125 points for a gain of 5.5%. The S&P 500 jumped 6.7%, while the Nasdaq Composite was up 6.9%. – Stevens

The dollar index strengthened 1.7% on Tuesday, on pace for its best day since June 2016, when the index gained 2.49%. The index hit a high so far today of 99.762, its highest level since Feb 21.  Investors are rushing into the dollar seeking out the most liquid currency as concerns about economic shutdowns from the coronavirus continued to dent risk appetite. —Francolla, Fitzgerald 

Treasury Secretary Steven Mnuchin said Tuesday that the Trump administration wants to get emergency funds in Americans’ pockets “immediately” amid the coronavirus crisis. “Americans need cash now,” Mnuchin said during a White House press briefing on the administration’s latest efforts to combat the disease. “I mean now in the next two weeks.”-Breuninger

Source: https://www.cnbc.com/2020/03/17/stock-market-today-live.html

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