Wall Street rebounds from sell-off with help from Fed

(Reuters) - U.S. stocks rose 6% on Tuesday, a day after their steepest declines since the 1987 crash, as the Federal Reserve took further steps to boost liquidity and stem damage from the coronavirus pandemic that has gripped the global economy and markets.

Reuters March 18, 2020 03:05:54 IST
Wall Street rebounds from sell-off with help from Fed

Wall Street rebounds from selloff with help from Fed

(Reuters) - U.S. stocks rose 6% on Tuesday, a day after their steepest declines since the 1987 crash, as the Federal Reserve took further steps to boost liquidity and stem damage from the coronavirus pandemic that has gripped the global economy and markets.

Initial closing data showed the Dow Jones Industrial Average <.DJI> rose 1,048.49 points, or 5.19%, to 21,237.01, the S&P 500 <.SPX> gained 142.83 points, or 5.99%, to 2,528.96 and the Nasdaq Composite <.IXIC> added 430.19 points, or 6.23%, to 7,334.78.

(Reporting By Caroline Valetkevitch; Editing by Sandra Maler)

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