Dow Takes a Big Bounce at Opening Bell

Investors happy stimulus deal is near
By Newser Editors,  Newser Staff
Posted Mar 24, 2020 8:40 AM CDT
Dow Surges More Than 1,200 Points at Open
A currency trader watches computer monitors near the screen showing the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Tuesday, March 24, 2020.   (AP Photo/Lee Jin-man)

(Newser) – It's a rare bit of good news for the markets: The Dow jumped more than 1,200 points, or 6%, at the open on Tuesday, and the S&P 500 rose by a similar percentage. Markets in Asia and Europe also were up. The Wall Street Journal chalks it up to a series of moves by governments and central banks around the world to shore up economies. For the US, investors are happy that Congress appears close to passing a massive stimulus package, notes CNBC. In overnight futures trading, Dow futures hit the "limit up" mark of 5%, a welcome reversal of the frequent "limit down" milestones of late. (Read more stock market stories.)

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