Today, the Dow Jones Industrial Average experienced its largest gain in a single day since 1933.
From the Wall Street Journal:
U.S. stocks rallied sharply Tuesday, with the Dow surging to its biggest one-day gain in more than 85 years on signs that lawmakers and the Trump administration were nearing a deal on a giant stimulus package aimed at limiting the economic fallout of the coronavirus pandemic.
The Dow Jones Industrial Average gained 2,113 points, or 11.4%, as of 4 p.m. Eastern time. That represented its largest gain in a single day since 1933.
Dow Soars More Than 11% In Biggest One-Day Jump Since 1933
[WSJ, Alexander Osipovich, Caitlin Ostroff, and Joanne Chiu]
Twitter and Tiktok had preliminary negotiations about a potential merger/acquisition, reported the Wall Street Journal on Saturday.
TikTok, the social media app from China-based Bytedance, plans to sue the Trump administration in a challenge to the president’s executive order that bans the service in the United States.
Donald Trump on Thursday issued an executive order that bans doing business with ByteDance, the China-based company that owns TikTok. The ban takes effect in 45 days.
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