Markets

Dow gains nearly 2,000 on vows to strengthen virus response

Investors welcome President's move to unlock $50bn in funds

20200313N NYSE 2

U.S. stocks rebound sharply on Friday, a day after Wall Street racked up its worst losses since "Black Monday" in 1987.   © Reuters

Nikkei staff writers
March 13, 2020 22:32 JST
Updated on March 14, 2020 05:17 JST

NEW YORK -- U.S. stocks ended sharply up Friday, posting the biggest rally since 2008, as President Donald Trump declared a national emergency to free up $50 billion for the fight against the coronavirus.

The Dow Jones Industrial Average closed 1,985 points or 9.4% higher at 23,185, while the S&P 500 surged 9.3% to 2,711.

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