Stimulus measures abound
The S&P 500 continues to push higher and is now up 4.9% in a broad-based rally. For the week, it is now up 12.7%.Besides the $2 trillion stimulus plan from Congress, China will reportedly implement over $340 billion in fiscal stimulus measures to offset the impact of the coronavirus. Fed Chair Powell, meanwhile, told NBC's "Today Show" that the Fed is not out of ammunition and will lend anyplace where credit is not flowing.Overseas, the major European indices are on pace to close on a higher note. Germany's DAX is up 0.5%, UK's FTSE is up 1.1%, and France's CAC is up 1.0%. The Europe Stoxx 600 is up 1.2%.