Stocks trim losses after House approves $2T coronavirus aid package

U.S. equity markets ticked to session highs Friday afternoon after the House of Representatives passed the $2 trillion relief bill that extends aid to individuals, small businesses and corporations hit hardest by the COVID-19 pandemic. The legislation now heads to President Trump for his signature of approval.The Dow Jones Industrial Average traded lower by 500 points, or 2.2 percent, after having fallen by as many as 1,083 points. The S&P 500 and Nasdaq Composite were lower by 2.1 percent and 2.2 percent respectively.CORONAVIRUS CAUSES HISTORIC DROP IN CHINA’S INDUSTRIAL PROFITSOn Thursday, the Dow emerged from its bear market, capping off a three-day advance of 3,960.24 points, or 21.30%. It was the biggest 3-day percentage gain since 1931.TickerSecurityLastChangeChange %I:DJIDOW JONES AVERAGES22024.28-527.89-2.34%SP500S&P 5002570.08-59.99-2.28%I:COMPNASDAQ COMPOSITE INDEX7616.411018-181.13-2.32%Looking at stocks, airlines were in focus after Treasury Secretary Steven Mnuchin said the government would take stakes in the companies in exchange for billions of dollars of aid extended through grants.TickerSecurityLastChangeChange %UALUNITED AIRLINES HLDG.33.44-2.11-5.94