Stocks are rising in early trading on Wall Street after the Federal Reserve launched its latest unprecedented effort to support the economy through the coronavirus outbreakBy STAN CHOE AP Business WriterApril 9, 2020, 1:51 PM2 min readNEW YORK — Stocks jumped in early trading on Wall Street Thursday after the Federal Reserve launched its latest unprecedented effort to support the economy through the coronavirus outbreak. The central bank undertook actions to provide up to $2.3 trillion in loans to households, local governments and small and large businesses as the country tips into what economists say may be the worst recession in decades. It’s the latest massive move by the Fed, which has been rushing to ensure cash can get to parts of the economy that need it after lending markets got snarled earlier by a rush among investors to pull cash out of the system. The stock market is not the economy, and that distinction has become even more clear this week. The S&P 500 jumped 1.9% in early trading Thursday, the same day the government announced 6.6 million Americans applied for unemployment benefits last week as layoffs sweep the nation. That’s because stock investors are continuously looking ahead a


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