United States

Dow surges more than 2,100 points — biggest gain since 1933

The Dow had its best day since 1933, clawing back some of its brutal losses on signs that Congress was nearing a deal for a US stimulus package worth as much as $2 trillion to battle the coronavirus pandemic. The Dow Jones industrial average surged 2,112.98 points, or 11.4 percent, to 20,704.91 as lawmakers closed in on a deal for the rescue package, which would shell out cash payments to American citizens and authorize massive bailouts for troubled industrial sectors, from airlines to mom-and-pop restaurants. It was the biggest percentage gain for the Dow in more than 85 years, and its biggest point gain ever. Stocks also got goosed on Tuesday after President Trump said on Tuesday that he wants the US to be “opened up and raring t ...