Dow rebounds more than 300 points as Fed is not ready to remove stimulus

This post was originally published on this site

IE 11 is not supported. For an optimal experience visit our site on another browser.

05:50

The Dow Jones Industrial Average jumped 338 points, closing at 34,258. The Federal Reserve said it’s not ready to remove stimulus just yet. CNBC’s Steve Linesman explains what monetary stimulus is and what the Fed’s been doing during the pandemic.