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U.S. Markets Surge as Massive Economic Stimulus Plan Takes Shape

Yesterday, the Dow rose more than 1,000 points after a volatile session

U.S. authorities on Tuesday accelerated testing to gauge the spread of the coronavirus as stumped investors struggled to diagnose the deadly virus’s economic fallout. Markets sloshed in big, nail-biting swings that have become commonplace in recent days.

The Dow Jones industrial average jumped 1,048 points, or roughly 5.2 percent, to settle Tuesday at 21,237. It was the seventh, 1,000-point swing by the Dow in seven sessions.

The Standard & Poor’s 500 index sailed up nearly 6 percent, and the NASDAQ composite gained about 6.2 percent. The advances came after the Federal Reserve and the U.S. government rolled out plans to blunt the spread of the disease and its effect on American lives, from a reported $1 trillion stimulus to a $10 billion credit infusion to a pledge to help beleaguered Boeing.

Please select this link to read the complete article from The Washington Post.

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