The Dow Jones index on the US stock exchange rose 11.4% on Tuesday. The S&P 500 index grew by 9.4% – this is the best indicator since 2008.
US stock markets on Tuesday, March 24, moved to growth, according to the channel CNN.
So, the Dow Jones index grew by 11.4%. According to CNN, this is the largest increase in history and the largest percentage growth since the Great Depression of 1933.
The S&P 500 index gained 9.4%, which is the best growth indicator since the 2008 global financial crisis. The Nasdaq Composite Index rose 8.1%.
CNN writes that the growth of the US stock market, falling for two weeks amid the coronavirus pandemic and related restrictions, is due to decisive measures by the US government in support of industry and business. It is expected that the US Congress will allocate up to $ 2 trillion to support enterprises and companies affected by the crisis. Prior to this, Congress provided $ 8.3 billion to support US citizens experiencing financial difficulties due to quarantine.
An outbreak of COVID-19 coronavirus infection began in December 2019 in Wuhan, China. March 11, the World Health Organization announced the spread of coronavirus pandemic. According to American Johns Hopkins University on March 24, the total number of infected people in the world is 428 thousand, more than 19 thousand people died.
The United States is in third place in the number of cases – more than 55 thousand cases of COVID-19 are registered in the country. About 800 people died.
Since March 11, the United States has been subject to restrictive measures in connection with the pandemic, in particular, air traffic with Europe has been suspended. This provoked the collapse of the American stock market to historical lows.
On March 24, US President Donald Trump announced that he would like to lift all restrictions related to coronavirus before April 12.