Wall Street jumps after Monday’s historic sell-off as Fed boosts liquidity to fight coronavirus effect

By Caroline Valetkevitch NEW YORK (Reuters) - The S&P 500 rose 6% on Tuesday, clawing back a significant portion of Monday's steep losses, as the Federal Reserve and the White House took further steps to boost liquidity and stem damage from the coronavirus outbreak that has gripped the global economy. The U.S. central bank relaunched a financial crisis-era purchase of short-term corporate debt to help companies be able to continue paying workers and buy supplies through the pandemic.

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