…The China Virus chaos took its shot at destroying the world’s Top economy quickly and failed.
GOP policymakers’ powerful aggressive response to supporting the virus-stricken US economy has also helped support stocks.
Investors are looked past Q-1 corporate earnings results, with the coronavirus chaos now understood to have dented many corporations across several sectors.
Shares of Adidas (ADS), one of the companies that reported results Monday, closed higher after reporting a 96% drop in Q-1 net profit and forecasting a 40% drop in sales in Q-2.
Key earnings results set for release Tuesday include Google-parent company Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), PepsiCo (NYSE:PEP), Caterpillar (NYSE:CAT), Southwest Airlines (NYSE:LUV) and Starbucks (NASDAQ:SBUX).
Monday, the Small Business Association (SBA) resumed taking applications for its multi-billion-dollar aid program, which was replenished with funds authorized by Congress last week.
Meanwhile, the Fed broadened the scope of its Municipal Liquidity Facility to provide counties and cities with smaller populations with short-term credit.
Making and Keeping America Great!
Have a healthy day, Keep the Faith!