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
Dow Surges 1,293 Points
Specialist Peter Mazza works on the floor of the New York Stock Exchange, Monday, March 2, 2020. Stocks are opening higher on Wall Street following a seven-day rout brought on by worries that the spreading coronavirus outbreak will stunt the global economy.   (AP Photo/Richard Drew)

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. (More stock market stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.