Wednesday, March 25, 2020

The Market Bounces Back

Finally, we had some good news on Wall Street yesterday. The Dow Jones Industrial Average soared 11.4 percent, for its best one-day percentage performance since 1933. The S&P 500 Index was up 9.4 percent, while the Nasdaq Composite added 8.1 percent. The rally seemed to be a response to Congress nearing a conclusion on its stimulus bill.

More than 300 stocks in the S&P 500 gained at least 10 percent on the day. Five of them gained more than 35 percent, including:

  • Norwegian Cruise Line, up 42.3 percent
  • L Brands, up 39.0 percent
  • DXC Technology, up 38.2 percent
  • American Airlines, up 35.8 percent
  • Alliance Data Systems, up 35.4 percent
  • MGM Resorts International, up 33.2 percent

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