UPDATE: Dow has best day since 1933 as Congress nears deal on $2 trillion virus rescue – By The Associated Press (Atlanta Journal Constitution) / March 24 2020
The Dow Jones Industrial Average surged more than 2,000 points Tuesday as U.S. political leaders said they were nearing a deal on a massive government stimulus package to offset the damage inflicted by the coronavirus pandemic.
The Dow’s gain of 11.4% was its largest percentage increase since 1933.
The Dow Jones Industrial Average closed up 2,112.98 or 11.37% to 20,704.91.
The NASDAQ composite index was up was up 557.18 or 8.12% to 7,417.86.
The S&P 500 was up was up 209.93 or 9.38% to 2,447.33.
The huge gains on Wall Street followed a worldwide rally as a wave of buying interrupted what has been a brutal month of nearly nonstop selling. Despite the gains, investors were far from saying markets have hit bottom. Rallies nearly as big as this have punctuated the last few weeks, and none lasted more than a day.
Continue to article: https://www.ajc.com/news/new-stocks-rebound-congress-nears-deal-trillion-virus-rescue/vHvfN3irbk2f9HLoVP5yNO/
