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]
US stocks ended in the green on Tuesday, recouping all of Monday's losses as investors grew optimistic about the government's response to the coronavirus crisis.
The Dow closed up 11.4%. The S&P 500 finished up 9.4%. The Nasdaq Composite rose 8.1%. https://t.co/f8KFYyk5AL
— CNN Business (@CNNBusiness) March 24, 2020
BREAKING: This morning, Pres. Trump and VP Pence held an investor call with Wall Street heavyweights to discuss the markets, the Federal Reserve, and economic reopening.
— Kayla Tausche (@kaylatausche) March 24, 2020
"Dow surges 2,100 points as Congress nears deal on virus aid" https://t.co/hSmZd6Rt7k
— Matt Lee (@APDiploWriter) March 24, 2020