Wall Street rebounds from worst day in 30 years
Traders working at the NYSE on Monday. Photo: Michael Nagle/Xinhua via Getty Images
Stocks closed up 6% on Tuesday afternoon, making up almost half of the losses from the stock market's worst day since 1987.
Why it matters: Stocks rose as measures to shield companies and the economy from the coronavirus impact — including an announcement by the Fed and a White House stimulus plan that includes sending cash payments to Americans — came to light.
By the numbers: The stock market is more volatile now than during the 2008 financial crisis.
- The S&P 500 rose 5.9% on Tuesday, after closing 12% lower on Monday.
- The Dow rose 5.1% (or 1,048 points), while the Nasdaq jumped 6.2%. Both indices slumped about 13% yesterday.