US stock markets rally after Trump surprises on stimulus

European stocks barely react while volatility remains elevated _________________________________________ US stocks gained ground on Wednesday after President Donald Trump suggested a new stimulus bill, although the chances of lawmakers agreeing to a deal before the election appeared to fade. The S&P 500 index closed 1.7 per cent higher and the tech-focused Nasdaq Composite gained 1.9 per cent, as the indices recovered from falls on Tuesday when Mr Trump announced he would walk away from negotiations with Democrats about the size of a second bailout for the pandemic-scarred economy. Mr Trump…

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