Dow futures spiked after Trump’s top economic advisor Larry Kudlow unveiled a gigantic $6 trillion stimulus package for the U.S.
- Dow futures rallied after Donald Trump’s top economic adviser unveiled a massive $6 trillion stimulus package for the U.S. economy.
- These gains rapidly faded, as the stock market failed to move higher after a historic day for the Dow Jones on Tuesday.
- Worryingly for Wall Street, there doesn’t appear to be a Plan B if the fiscal package doesn’t push stocks higher longer-term.
After the largest single-day point rally in the history of the Dow Jones, the stock market failed to extend the move overnight despite a brief spike.
The volatility came after President Trump’s top economic adviser touted an incredible $6 trillion stimulus package for the United States.
Dow Futures Fall After Historic Rally
All three of the major U.S. stock futures indices popped and dropped Tuesday evening, after initially rallying in the wake of a multi-trillion-dollar stimulus announcement.
In the commodity sector, the price of oil ticked up 2.5% above $24 a barrel, while gold continued its impressive rally with another 1.5% gain.