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Dow climbs 260 points as tech shares, oil rebound drive gains

Dow climbs 260 points as tech shares, oil rebound drive gains
Mario Tama / Getty Images



US stocks rose Friday after the House passed a nearly $500 coronavirus relief package Thursday night.




The bill will provide more money to small businesses, hospitals, and ramp up coronavirus testing.




Oil prices rebounded, reversing some losses from historic lows earlier in the week.




Investors also looked to first quarter earnings reports. Many companies have lowered guidance for future performance amid the coronavirus pandemic.




Read more on Business Insider.




US stocks rose Friday as investors assessed the $484 billion coronavirus relief package passed in the House on Thursday evening.https://www.businessinsider.com/whats-in-interim-coronavirus-stimulus-package-2020-4?utm_source=markets&utm_medium=ingest
The additional bill includes $321 billion for the exhausted Paycheck Protection Program, as money for economic disaster loans for small businesses, emergency relief for hospitals, and additional coronavirus testing.
Still, all three major US indexes posted their first weekly decline in the past two periods, weighed down by a historic oil rout and uncertainty around an economic slowdown.
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