Dow Posted Best Percent Gain since 1933
- Tuesday, March 24, 2020, 16:34
- Stock Market
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U.S. stocks ended sharply higher on Tuesday, with the Dow Jones Industrial Average posting its best day since 1933, amid growing optimism that Congress will come to an agreement on a fiscal stimulus package aimed at combatting the economic impact of the coronavirus epidemic. The Dow rose 2,112.98 points, or 11.37%, to 20,704.91. The S&P 500 advanced 209.93 points, or 9.38%, to 2,447.33. The Nasdaq Composite gained 557.18 points, or 8.12%, to 7,417.86.
Oil futures ended higher on Tuesday, extending their gain to a second straight session. West Texas Intermediate crude for May delivery climbed by 65 cents, or 2.8%, to settle at $24.01 a barrel. May Brent crude rose 12 cents, or 0.4%, to $27.15 a barrel.
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