The coronavirus has already dealt a financial blow to millions of Americans dealing with layoffs, furloughs or reduced hours.
The Dow, which through Monday had fallen almost 22 percent this year, was on track for its biggest quarterly decline since 1987.
Those left without a job due to COVID-19 have turned to social media to ask for money to cover rent.
Monday’s advance comes after President Trump on Sunday evening announced the extension of social distancing guidelines through at least April 30.
Treasury Secretary Steven Mnuchin said in a Sunday morning interview that qualifying Americans can expect to see their $1,200 checks deposited into their accounts "within three weeks."
On Thursday, Wall Street appeared to shrug off miserable news on unemployment as the S&P 500 rose 6.2 percent, bringing its three-day rally to 17.6 percent.
U.S. equity markets surged Tuesday morning amid investor optimism that members of Congress will overcome their differences to reach a deal on a $1.6 trillion COVID-19 stimulus package.
The number of Americans filing for unemployment surged to 3.28 million last week, shattering a decades-old record in jobless claims as the coronavirus pandemic forced businesses around the country to shutter their doors.
Many of the millions of Americans who lost their jobs in March amid COVID-19 lockdowns have turned to social media to crowdfund financial support to pay their bills, a Storyful analysis has found.
U.S. equity markets battled higher Wednesday morning after lawmakers struck a deal on a $2 trillion stimulus measure to provide aid to those most severely impacted by the COVID-19 pandemic.
The White House and Senate leaders of both major political parties announced an agreement early Wednesday on an unprecedented $2 trillion emergency bill to rush sweeping aid to businesses, workers and a health care system slammed by the coronavirus pandemic.
The White House and Senate leaders reached a deal shortly after midnight Wednesday on a massive $2 trillion coronavirus relief package, capping off days of heated negotiations that had nearly been derailed by last-minute demands from House Democrats.
The programs vary by state, so the application process will depend on where you work.
CVS Health is hiring thousands of new workers and offering bonuses and new benefits in response to the coronavirus pandemic
U.S. equity markets slid Monday after the Federal Reserve announced "extensive new measures" to support the U.S. economy.
Experts generally suggest having three to six months of savings on hand, but that can be tough for many people who are living paycheck to paycheck.
Treasury Secretary Steven Mnuchin said individuals will be able to delay paying up to $1 million in payments.
President Donald Trump wants the government to send checks to Americans in the next two weeks in an effort to curb the economic cost of the coronavirus outbreak.
U.S. equity futures plunged limit down after the Federal Reserve took emergency action on Sunday evening.
Cost of living adjustments are implemented in order to counteract the effects of inflation