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Dow up by over 11%, posts biggest percentage gain since 1933 over stimulus hopes

Last Updated : 24 March 2020, 20:17 IST
Last Updated : 24 March 2020, 20:17 IST

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The Dow registered its biggest one-day percentage gain since 1933 on Tuesday after U.S. lawmakers said they were close to a deal for an economic rescue package, injecting a shot of optimism into markets reeling from the biggest selloff since the financial crisis.

The Dow Jones Industrial Average rose 2,112.98 points, or 11.37%, to 20,704.91, the S&P 500 gained 209.93 points, or 9.38%, to 2,447.33 and the Nasdaq Composite added 557.18 points, or 8.12%, to 7,417.86.

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Published 24 March 2020, 20:13 IST

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