Update…

(AP)  Stocks are wobbling in tentative trading Wednesday as a historic, worldwide rally downshifts dramatically after just a day. The S&P 500 was drifting up and down in a relatively tight band, a day after packing a year’s worth of gains into Tuesday. The White House and Senate leaders announced agreement on a $2 trillion package to aid the economy early Wednesday, but the number of new coronavirus cases continues to rise. Treasury yields held relatively steady. The market’s muddled trading came a day after the Dow Jones Industrial Average had its biggest percentage gain since 1933.

Previously…

WASHINGTON (AP) — The White House and Senate leaders of both political parties have reached agreement on a $2 trillion measure to rush aid to businesses, workers and a health care system slammed by the coronavirus pandemic. The urgently needed measure is the largest economic rescue measure in history. The Senate is likely to pass the measure Wednesday afternoon. In the House, leaders hope to clear the measure for President Donald Trump’s signature by a voice vote without having to call lawmakers back to Washington, but that may prove challenging. The bill is sure to be opposed by some conservatives upset at its cost and scope. Some House liberals are restless as well.