Dow soars 800 points as hopes for a coronavirus slowdown buoys stocks
Tuesday, 7 April 2020 21:10 WIB | MARKET UPDATE |Saham AS

U.S stocks shot higher early Tuesday, extending a powerful rally to a second session on growing signs that the spread of the COVID-19 pandemic may be leveling off in parts of the world.

Markets were also encouraged by reports of further planned U.S. measures to help dampen the recessionary impact of shutdowns and business closures intended to limit the epidemic.

The Dow Jones Industrial Average rose 795 points, or 3.5%, to reach 23,478, the S&P 500 index gained 81 points, or 3%, at 2,743.64, while the Nasdaq Composite index advanced 201 points, or 2.5%, to reach 8,112.

On Tuesday, the Dow rose 1,627.46 points, or 7.7%, its third biggest daily gain ever, to finish at 22,679.99. The S&P 500climbed 175.03 points, or 7%, to end at 2,663.68 or its highest level since March 13. The Nasdaq Composite surged 540.15 points, or 7.3%, to close at 7,913.24.

With Monday™s rally, the S&P 500 has bounced about 20% from its 52-week low on March 23.

Source: Marketwatch

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