The Dow industrials rose more than 1,000 points as the Federal Reserve and White House moved to soften the economic blow of the coronavirus pandemic
U.S. stocks jumped after a punishing selloff Monday as the Federal Reserve and White House moved to soften the economic blow of the coronavirus pandemic.
The S&P 500 climbed 6%, and the Nasdaq Composite advanced 6.2%, as of the close of trading in New York. The Dow Jones Industrial Average rose 5.2%, or 1,049 points, to 21237 after it dipped below the 20,000 mark at one point in the morning. On Monday, the blue-chip gauge recorded its second-worst percentage drop ever, behind only the Black Monday crash of 1987, amid fears...
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