Dow rebounds 1,050 points as Trump seeks $1 trillion stimulus
More steps announced to combat virus, its harm to economy
Image Credit: AFP
NEW YORK: Wall Street stocks rallied Tuesday on expectations for massive federal stimulus to address the economic hit from the coronavirus, partially recovering some of their losses from the prior session.
The Dow Jones Industrial Average finished up 5.2 percent or around 1,050 points at 21,237.31, a day after shedding almost 3,000 points.
The broad-based S&P 500 gained 6.0 percent to 21,237.31 while the tech-rich Nasdaq Composite Index jumped 6.2 percent to 7,334.78.