Dow Has Best Day Since 1933 as Congress Nears Deal on Aid

Associated PressPublished: March 24, 2020

NEW YORK, NY - MARCH 14: Traders work on the floor during morning trading at the New York Stock Exchange on March 14, 2011 in New York City. U.S. stocks were down in early trading as the earthquake that struck Japan potentially impacts market activity. The Nikkei Stock Average plunged 6.2% to 9,620.49 in Tokyo for its worst one-day percentage loss in over two years. (Photo by Mario Tama/Getty Images)

NEW YORK (AP) — The Dow Jones Industrial Average surged to its best day since 1933 as Congress and the White House neared a deal on Tuesday to inject nearly $2 trillion of aid into an economy ravaged by the coronavirus.

The Dow burst 11.4% higher, while the more closely followed S&P 500 index leapt 9.4% as a wave of buying around the world 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.

Source: Dow Has Best Day Since 1933 as Congress Nears Deal on Aid

Filed Under: coronavirus, economy, wall street

Categories: National News