(Reuters) – S&P 500 futures hit their daily upper trading limit on Tuesday, rebounding from another brutal session caused by investor panic over the rapidly spreading coronavirus.
Investors are pinning their hopes on a $2 trillion economic rescue package, negotiations over which appeared to have made progress late on Monday. The bill could be voted on as soon as Tuesday.
SPDR S&P 500 ETFs (P:SPY) were up 4.96%.
The S&P 500 index (SPX) closed down 2.93% at 2,237.4 on Monday.