Stocks surged, recouping much of a historic plunge, after President Donald Trump announced new measures to fight the coronavirus Friday
new measures to fight the coronavirus Friday.
The Dow Jones Industrial Average jumped 1,985 points, or 9.4 percent — its best gain since October 2008.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.
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