Dow has biggest rally since 1933, surging 11.4% on stimulus hopes

AFP , Tuesday 24 Mar 2020

Wall Street posted its best performance in nearly 90 years on Tuesday, as indices rallied on hopes that lawmakers would soon agree on a massive stimulus measures to blunt the coronavirus' economic impact.

At the close, the Dow Jones Industrial Average had risen by 11.4 percent to 20,704.91, its biggest one-day percentage increase since 1933.

The tech-rich Nasdaq gained 8.1 percent to close at 7,417.86, while the broad-based S&P 500 finished the day at 2,447.33, a gain of 9.4 percent.

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