Dow Sees Biggest-Ever Single-Day Point Gain

It surges 1,293 on hopes for central bank help on the economy
By Newser Editors and Wire Services
Posted Mar 2, 2020 3:13 PM CST

(Newser) – The Dow Jones Industrial Average surged more than 1,200 points, or 5%, on hopes that central banks will take action to shelter the global economy from the effects of the coronavirus outbreak, the AP reports. The huge gains clawed back some of the ground lost in a massive sell-off last week. Technology companies led the gains. The Dow jumped 1,293 points to 26,703. It was the biggest-ever point gain for the Dow and the biggest percentage gain since March 2009. The S&P 500 index rose 135 points, or 4.6%, to 3,089. The Nasdaq added 384 points, or 4.5%, to 8,952. Bond prices rose again, sending yields lower. (Read more stock market stories.)

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