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