U.S. Stocks Rally After President Trump Floats Payroll Tax Cut, Dow Jones Soars Over 1,100 Points
By Fox News // March 10, 2020
Dow's point gain was third-best on record
ABOVE VIDEO: Stocks close at session highs after Trump proposes pay roll tax cut.
(FOX NEWS) – U.S. equity markets ebbed and flowed on Tuesday before breaking away with the Dow Jones Industrial Average adding over 1,167 points clawing back from a deficit.
The Dow’s point gain was the third-best on record. The S&P 500 and Nasdaq Composite also rallied tacking on nearly 5 percent.
Investors were encouraged after President Trump backed “very substantial relief” for the areas of the economy hardest hit by the new coronavirus outbreak.
He said Tuesday he had a “great meeting” with Senate Republicans, and that “there’s a great feeling about doing a lot of things.
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