{"id":70777,"date":"2020-03-27T02:54:27","date_gmt":"2020-03-27T06:54:27","guid":{"rendered":"http:\/\/www.businesspundit.com\/?p=70777"},"modified":"2020-04-28T18:52:06","modified_gmt":"2020-04-28T22:52:06","slug":"dow-has-three-day-gains-streak-amid-covid-19-pandemic","status":"publish","type":"post","link":"https:\/\/www.businesspundit.com\/dow-has-three-day-gains-streak-amid-covid-19-pandemic\/","title":{"rendered":"Dow Has Three-Day Gains Streak Amid COVID-19 Pandemic"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"1920\" height=\"1386\" data-src=\"https:\/\/www.businesspundit.com\/wp-content\/uploads\/2020\/03\/bull-3112617_1920.jpg\" alt=\"Dow Up Three Days in a Row\" class=\"wp-image-70778 lazyload\" data-srcset=\"https:\/\/www.businesspundit.com\/wp-content\/uploads\/2020\/03\/bull-3112617_1920.jpg 1920w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2020\/03\/bull-3112617_1920-300x217.jpg 300w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2020\/03\/bull-3112617_1920-600x433.jpg 600w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2020\/03\/bull-3112617_1920-768x554.jpg 768w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2020\/03\/bull-3112617_1920-1536x1109.jpg 1536w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2020\/03\/bull-3112617_1920-758x547.jpg 758w\" data-sizes=\"(max-width: 1920px) 100vw, 1920px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1920px; --smush-placeholder-aspect-ratio: 1920\/1386;\" \/><\/figure><\/div>\n\n\n\n<p>Closing Thursday with a 6.38% gain, the Dow is on a roll like butter right now. This marks a 21% surge over the last three days.<\/p>\n\n\n\n<p>The S&amp;P closed up 6.24%.<\/p>\n\n\n\n<p>Some investors are trying to get ahead of the eventual recovery of the stock market although analysts say it is too early to call a stock market bottom. There is still much uncertainty about how long quarantine conditions will be recommended as the number of COVID-19 cases continues to rise.<\/p>\n\n\n\n<p>Investors are becoming more confident that the $2 trillion <a href=\"https:\/\/www.businesspundit.com\/30-coronavirus-facts\/\" >coronavirus<\/a> relief bill will be passed. Unless there are more shenanigans on the hill, it should pass a vote in the House on Friday and be on President Trump&#8217;s desk by Saturday. The Senate unanimously passed the Coronavirus Aid, Relief and Economic Security Act late Wednesday and Trump has promised to sign it immediately.<\/p>\n\n\n\n<blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">Dear <a href=\"https:\/\/twitter.com\/RepThomasMassie?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@RepThomasMassie<\/a>: If you intend to delay passage of the <a href=\"https:\/\/twitter.com\/hashtag\/coronavirus?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#coronavirus<\/a> relief bill tomorrow morning, please advise your 428 colleagues RIGHT NOW so we can book flights and expend ~$200,000 in taxpayer money to counter your principled but terribly misguided stunt. <a href=\"https:\/\/twitter.com\/hashtag\/thankyou?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#thankyou<\/a><\/p>\u2014 Rep. Dean Phillips (@RepDeanPhillips) <a href=\"https:\/\/twitter.com\/RepDeanPhillips\/status\/1243296323312340992?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">March 26, 2020<\/a><\/blockquote> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n\n\n\n<h2 class=\"wp-block-heading\">Who Will Receive Coronavirus Recovery Rebate Checks?<\/h2>\n\n\n\n<p>While many American taxpayers will receive $1,200 recovery rebate checks ($2,400 for couples) as part of the coronavirus relief package, those who earn over $99,000 per year and married couples who earn above a combined $198,000 per year will not receive a rebate check. For those who do receive a rebate check, the money is not considered taxable income.<\/p>\n\n\n\n<p>However, the earnings threshold to receive a $1,200 rebate for people who file as &#8220;head of household&#8221; on their tax returns is increased to $146,500. In order to file as &#8220;head of household,&#8221; a person must be unmarried, claim at least one dependent, and pay for more than half of a household&#8217;s expenses.<\/p>\n\n\n\n<p>The bill says that taxpayers making up to $75,000 per year in adjusted gross income will receive $1,200 plus $500 per child. For married couples, the adjusted gross income limit is $150,000 per year. For those who earn more, the amount of their coronavirus relief checks will be decreased by $5 for every $100 over the income limit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Closing Thursday with a 6.38% gain, the Dow is on a roll like butter right now. This marks a 21% surge over the last three days.<\/p>\n","protected":false},"author":74,"featured_media":70778,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8281,1197,11340],"tags":[],"class_list":{"0":"post-70777","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"category-economy","9":"category-money"},"acf":[],"wps_subtitle":"","_links":{"self":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/70777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/users\/74"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/comments?post=70777"}],"version-history":[{"count":7,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/70777\/revisions"}],"predecessor-version":[{"id":71364,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/70777\/revisions\/71364"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/media\/70778"}],"wp:attachment":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/media?parent=70777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/categories?post=70777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/tags?post=70777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}