Stocks Surge on New Virus Measures; Dow Up 1,985 Points

new measures to fight the coronavirus Friday.

The Dow Jones Industrial Average jumped 1,985 points, or 9.4 percent — its best gain since October 2008.The rally came at the end of a week of turbulent trading fueled by heightened fears that the fallout from the coronavirus could bring on a global recession. Thursday's drop was the worst since the Black Monday crash of 1987.

Investors have been clamoring for strong action from the U.S. government to combat the economic impact.

This is great!!!! Let's see if it can sustain itself next week. Success will be measured in two weeks.

The surge is not even close to recouping the historic plunge. Not even close.

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Source: Reuters - 🏆 2. / 97 Read more »