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.