Business Standard

Wednesday, January 08, 2025 | 06:53 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Dow Jones soars over 11% in strongest one-day performance since 1933

All three main US stock indexes rebounded strongly from Monday's brutal selloff as the coronavirus outbreak forced entire nations to shut down

Wall Street
Premium

The severity of the spread of COVID-19 and expectations of aggressive stimulus measures have whipsawed financial markets.

Reuters
The Dow soared on Tuesday to its biggest one-day percentage gain since 1933, after U.S. lawmakers said they were close to a deal for an economic rescue package in response to the coronavirus outbreak, injecting optimism following the biggest selloff since the financial crisis.

All three main U.S. stock indexes rebounded strongly from Monday's brutal selloff as the coronavirus outbreak forced entire nations to shut down.Senior Democrats and Republicans said they were close to a deal on a $2 trillion stimulus bill, aimed at providing financial aid to Americans out of work and help for distressed industries.

The expected legislation adds to

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in