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March 24, 2020

Dow Surges +2112, Biggest Point Gain in All History

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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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