Business News
Home > Business News
Dow surges over 11% in best day since 1933
TIWN
TIWN
PHOTO : TIWN
New York, March 25 (TIWN) US stocks closed sharply higher on Tuesday with the Dow up more than 11 per cent, notching its biggest one-day percentage gain since 1933 amid stimulus hopes.
The Dow Jones Industrial Average surged 2,112.98 points, or 11.37 per cent, to 20,704.91. The S&P 500 increased 209.93 points, or 9.38 percent, to 2,447.33. The Nasdaq Composite Index jumped 557.18 points, or 8.12 per cent, to 7,417.86, Xinhua reported. All the 11 primary S&P 500 sectors closed noticeably higher, with energy up 16.31 per cent, outpacing the rest. Investors hoped US lawmakers were close to an agreement on a massive economic relief package to cushion the damage by the COVID-19 pandemic.
Add your Comment
Comments (0)
More Business News
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report
- 300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals