LB - S&P 500 Rallies as AMD and L Brands Stocks Soar
The S&P 500 Index (SNPINDEX:^SPX) rallied on Wednesday as new stimulus measures were being negotiated by Congress. While it may take a while for Democrats and Republicans to reach an agreement, further support for individuals and businesses will likely be necessary as the coronavirus pandemic continues to surge in many parts of the country.
The S&P 500 was up 1.25% at market close, with Advanced Micro Devices (NASDAQ: AMD) and L Brands (NYSE: LB) leading the charge. AMD stock surged after a strong earnings report, and L Brands stock soared after the retailer unveiled a cost cutting plan.
Image source: AMD.