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Dow surges 11% for its best day since 1933 as $2 trillion coronavirus aid package nears approval

Dow surges 11% for its best day since 1933 as $2 trillion coronavirus aid package nears approval
Reuters / John Gress



US stocks soared on Tuesday amid multiple reports that a coronavirus economic aid package is coming soon.




The Dow Jones industrial average surged 11.4%, or 2,113 points. That marked its biggest point gain ever, as well as its largest percentage increase since 1933.




Equities rebounded from declines on Monday that came even after the Federal Reserve took unprecedented action to prop up the US economy amid the fallout from the coronavirus outbreak.




Read more on Business Insider.



US stocks rose on Tuesday, rebounding from a more than three-year low on Monday, as investors anxiously awaited a sweeping coronavirus economic relief package that's in its final stages of approval.
Early gains extended mid-morning on Tuesday when House Speaker Nancy Pelosi said on a call with CNBC that there was "real optimism" that a deal could be reached in the next few hours.
Later, Senate Majority Leader Chuck Schumer said that talks were on the 2-yard-line. Major indexes surged to session highs in the final 30 minutes of trading.
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