Global stocks rallied Wednesday as investors cheered an agreement between U.S. lawmakers and the Trump administration on an estimated $2 trillion stimulus package to limit the economic damage of the coronavirus pandemic.

Futures linked to the Dow Jones Industrial Average rose 3.6%, suggesting U.S. blue-chip shares are likely to rise for a second day when the market opens in New York. The gauge soared 11% on Tuesday in its best day in 87 years as optimism about the stimulus package buoyed markets.