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March 24, 2020

Dow Surges +2112, Biggest Point Gain in All History

Kurt, gregg hardest hit.

The Dow had its best day since 1933, clawing back some of its recent, brutal losses on signs that Congress was nearing a deal for a US stimulus package worth as much as $2 trillion to battle the coronavirus pandemic.

The Dow Jones industrial average rose 2,112.98 points, or 11.4 percent, to 20,704.91 as lawmakers closed in on a deal for the rescue package, which would shell out cash payments to American citizens and authorize massive bailouts for troubled industrial sectors, from airlines to mom-and-pop restaurants.

It was the biggest percentage gain for the Dow in more than 85 years, and its biggest point gain ever.



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