Dow Jones Gains Over 1,300 Points, S&P 500 Rises 6.3% After Passing $2 Trillion Relief Package
By Fox Business // March 26, 2020
largest 3-day percentage gain since 1931
ABOVE VIDEO: Markets close at session highs amid economic turmoil from coronavirus.
(FOX BUSINESS) – U.S. equity markets surged on Thursday with the Dow Jones Industrial Average exiting bear market territory as optimism grows that the economy will regain its footing despite the coronavirus crisis.
The Dow gained 1,351 points or over 6.4 percent. The S&P 500 also rose 6.3 percent and the Nasdaq Composite over 5.6 percent.
The Dow, which could begin a new bull market Thursday, gained 3960.24 points or 21.30% over the last three trading days. The largest 3-day percentage gain since 1931.
Investors digested record jobless claims and waited for the House to vote on a $2 trillion relief package which should get money into the hands of out of work Americans and crippled small businesses.
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