Wall Street ends higher to stem coronavirus selloff; Dow Jones rises 1%

US stocks managed to post gains on Thursday after recent steep losses as policymakers around the world took further emergency actions to try to help financial markets cope with deep coronavirus-driven economic damage.

Nasdaq outperformed other major indexes, ending 2.3% higher, fueled by gains in Amazon.com, Microsoft and Facebook.

The Federal Reserve opened swap lines with central banks in nine new countries to ensure the world's dollar-dependent financial system continued to function.
 

It was the latest in a host of steps taken by the U.S.central bank over the last two weeks, including cutting borrowing costs to near zero and providing billions of