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Dow climbs 300 points as new Fed stimulus offsets historic unemployment filings

US stocks climbed on Thursday, continuing Wednesday's gains, as the Federal Reserve announced an additional $2.3 trillion in aid to businesses and governments.
The new Fed measures include an array of new programs to help boost the economy hit by the coronavirus pandemic. The central bank will also buy investment-grade and junk bonds. 
"Main Street should be feeling a slight sense of relief today," Seema Shah, chief strategist at Principal Global Investors, told Business Insider. "The latest measures emphasize how committed the Fed is to providing relief and economic support where they can, stretching outside the typical toolkit in order to deliver assistance."

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