Stocks doubled their gains as President Trump announced new measures to fight the coronavirus Friday.
Stocks surged, recouping much of a historic plunge, after President Donald Trump announced 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.
Stocks doubled their gains in the last half-hour as Trump made his remarks.
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.
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March 14, 2020 at 03:26AM
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Stocks Surge on New Virus Measures; Dow Up 1,985 Points - Hollywood Reporter
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