It was a big rebound day for all major indexes. The Dow soared 2,093 points, or more than 11%, notching its biggest one-day percentage gain since 1933.
surged 8.1% to 7,417.86, its best day since March 13. Both the Dow and S&P 500 were coming off their lowest levels since late 2016." in Congress over a stimulus deal being reached. "We think the bill has moved sufficiently to the side of workers," she said. A deal was expected to be reached at some point Tuesday after failed negotiations over the last two days that sent the market on a wild trip.
The market breadth was overwhelmingly on the positive side in a good sign this comeback could have legs. Advancers led decliners on the New York Stock Exchange by 12 to 1. Tuesday's surge followed yet another stormy day on Monday as investors swung back to pessimism and pushed the major indexes to new multiyear lows as a procedural vote in the Senate on a stimulus bill failed for the second time in 24 hours.
Stocks hardest hit by the shutdowns resulting from the coronavirus led the gains Tuesday. Shares of Wynn and MGM Resorts were both up more than 15%. Delta Air Lines jumped more than 21%. General Motors shares, meanwhile, climbed nearly 20% after the automaker announced it will draw about $16 billion from its credit facilities to mitigate the coronavirus' impact.
Tuesday's gains also came as President Donald Trump signaled he was eager to reopen the economy, despite concerns of public health officials. "We're opening up this incredible country. Because we have to do that. I would love to have it open by Easter," Trump said on Tuesday.an open-ended asset purchase program
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