NEW YORK (AP) — Stocks surged, recouping much of a historic plunge, after President Donald Trump announced new measures to fight the coronavirus.
Join our WhatsApp groupSubscribe to our Daily Roundup Email
The Dow Jones Industrial Average jumped 1,985 points, or 9.4%, 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.
I will come back and by the summer this will all be over
Thank God we have Donald Trump as our President. If we would of had a Hillary or a Jill Stein, we’d be looking at a 1100 dow with martial law imposed, as Obama had threatened to do on numerous occasions.