/DOW Jumps After Trump is Released from Hospital

DOW Jumps After Trump is Released from Hospital

The stock market made a considerable jump Monday afternoon after Trump publicly declared he would be released from Walter Reed Medical Hospital later that day.

Stocks jumped to their session highs after Trump said in an afternoon tweet that he will be leaving Walter Reed National Military Medical Center at 6:30 p.m. ET, just three days after he entered the hospital to be treated for coronavirus.

Investors also grew more hopeful that lawmakers would reach a compromise on a new stimulus deal. Trump’s illness, as well as a weak September jobs report, highlighted the urgency for further coronavirus aid after a months-long stalemate in Washington.

The Dow Jones Industrial Average climbed 450 points, or 1.6%. The S&P 500 rose 1.7%, while the Nasdaq Composite gained 2.2%.

Read more at CNBC.