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Dow Soars over 11% on Stimulus Hopes

Write: 2020-03-25 08:52:37Update: 2020-03-25 10:53:13

Dow Soars over 11% on Stimulus Hopes

Photo : YONHAP News

U.S. stocks soared over eleven percent on Tuesday after U.S. lawmakers said they are close to a deal on an economic rescue package in response to the COVID-19 outbreak.

The Dow Jones Industrial Average jumped eleven-point-37 percent to close at 20-thousand-704-point-91. 

Local reports said it was the biggest one-day percentage gain since 1933. 

The S&P 500 also rose nine-point-38 percent to post the largest growth since October 2008, while the tech-heavy Nasdaq gained eight-point-12 percent.

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