The Dow Jones Industrial Average closed daily trading with gains of 1,985 following President Trump’s address on the Coronavirus outbreak; erasing some of this week’s losses as American businesses react to the disease.
BREAKING: Dow Jones closes up nearly 2,000 points after Pres. Trump outlines new actions to respond to coronavirus outbreak, including private sector partnerships. https://t.co/CCDYzd7eDP pic.twitter.com/4ZooukQTfQ
— ABC News (@ABC) March 13, 2020
“U.S. financial markets bounced back on Friday after the worst loss since 1987, with the Dow Jones Industrial Average surging around 1,980 points, more than 9%, when trading closed,” reports ABC News.
“On Thursday, the Dow Jones Industrial Average lost more than 2,350 points, almost 10%, a day after falling 1,464 points, or 5.86%, as investor anxiety pushed the index into a bear market for the first time since the 2008 financial crisis. Thursday’s losses were the worst since 1987,” adds ABC.
This is a developing story. Check back for updates.
Source: ABC News