XCR1250 Posted March 24, 2020 Share Posted March 24, 2020 Dow skyrockets to best day in 87 years as market bets on stimulus March 24th 2020 4:23PM Stocks staged a monster rally on Tuesday, with the battered Dow Jones Industrial Average posting its best day since 1933, as Wall Street bet on Washington’s warring political factions to coalesce around a $2 trillion stimulus package to combat the effects of the coronavirus. The package, meant to backstop reeling consumers forced to stay home from work and throw financial lifelines to key industries, helped major benchmarks reverse a bloodletting that’s taken them deep into bear market territory. The Dow rallied by over 11% to close up by over 2,100 points — only a day after a sell-off virtually erased all of the gains made since President Donald Trump was elected — and its best day in nearly 90 years. The S&P 500 Index had its strongest session since 2008, while the Nasdaq turned in its best performance in 7 days. 1 Quote Link to comment Share on other sites More sharing options...
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