NewsWatch: Dow futures surge as Wall Street holds out hope for coronavirus rescue plan

This post was originally published on this site

MARKETWATCH FRONT PAGE

U.S. stock-index futures rose the most allowable in Tuesday morning trade, signaling a flicker of optimism over efforts to rescue the economy despite disappointment over progress in Washington on fiscal stimulus legislation to combat the coronavirus pandemic. See full story.

These bank stocks could enjoy a ‘major rally’ as Fed gives unprecedented support, says longtime analyst

Still, Dick Bove of Odeon Capital Group cautions against banks’ long-term outlook. See full story.

Trump team is weighing whether coronavirus-induced shutdown is doing ‘more harm than good’

How much damage can be inflicted on the U.S. economy to try to stop the coronavirus from killing more people? The Trump White House is increasingly asking the question — and the answer could have grave implications for the health and livelihood of all Americans. See full story.

Workers need full access to 401(k) and IRA retirement savings now to combat coronavirus hit

Congress should immediately waive penalties and income taxes for early withdrawal from retirement plans. See full story.

Britain becomes latest country in lockdown as police enforce new restrictions

Britain has become the latest European country in lockdown as the U.K. Government announced a raft of restrictions preventing the population from leaving home without a valid reason. See full story.

MARKETWATCH PERSONAL FINANCE

Congress should immediately waive penalties and income taxes for early withdrawal from retirement plans. See full story.