Why Walgreens Boots Alliance Stock Is Up Big Today

Shares of Walgreens Boots Alliance (NASDAQ: WBA) are up almost 8% at 2:41 p.m. EDT today, having held on to most of their earlier gains while other retail-focused stocks have shifted from gaining to falling in afternoon trading.

Today's big jump comes on news that the U.S. Senate has passed a massive $2 trillion economic stimulus, with the bill now heading to the House, where it is expected to gain quick approval before heading to the White House for a signature. The bill includes significant aid for individuals, including direct payments and an extension of unemployment benefits, as well as money to help businesses faced with the financial implications of large swaths of the economy being essentially closed for business during the coronavirus pandemic.

Image source: Getty Images.

Source Fool.com