JUST IN: Dow rebounds, on track to set new record

Sign up for our newsletter
BY TEAM DML / MARCH 24, 2020 /

GET the DML NEWS APP (FREE) Click Here

Below is a report that DML News App gives a 4 OUT OF 4 STARS trustworthiness rating. We base this rating on the following criteria:

  • Provides named sources
  • Reported by more than one notable outlet
  • Does not insert opinion or leading words
  • Includes supporting video, direct statements, or photos

Click here to read more about our rating system.

As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by CNBC:

Stocks rebounded aggressively from a three-year low on Tuesday as investors hoped U.S. lawmakers were close to an agreement on a stimulus bill to rescue the economy from the damage caused by the coronavirus.

The Dow Jones Industrial Average soared 1,841 points, or more than 10%, and was on pace for its biggest one-day gain since October 2008. The S&P 500 gained 8.4% while the Nasdaq Composite advanced 7.2%. The Dow and S&P 500 closed at their lowest levels since late-2016 on Monday.

The article goes on to state the following:

Tuesday’s moves followed yet another stormy day on Monday as investors swung back to pessimism and pushed the major indexes to new multiyear lows as a procedural vote in the Senate on a bill failed for the second time in 24 hours.

Stocks that were hard-hit by coronavirus shutdowns led the gains Tuesday, the report notes, providing the following examples:

  • Wynn and MGM Resorts were both up more than 14%.
  • Delta Air Lines was up more than 15%.
  • General Motors was up nearly 15%.

To get more information about this article, please visit CNBC. To weigh in, leave a comment below.

DML News App offered you the above aggregated article preview as part of our ongoing effort to educate and inform people around the world about news, events, and politics. We encourage you to obtain additional information by visiting CNBC

Sign up for our newsletter

GET the DML NEWS APP (FREE) Click Here

Leave a comment

Your email address will not be published. Required fields are marked *