The Dow Jones Industrial Average closed up 1,293 points for a 5.1 percent gain on Monday, rebounding from a slump stemming from coronavirus fears. It's the Dow's biggest points gain of all time and its biggest percentage gain since 2009.
The rise comes "on hopes that central banks will take action to shelter the global economy" from the coronavirus' effects, The Associated Press reports. Last week was the Dow's worst since the 2008 financial crisis with a loss of more than 3,000 points.
-
September 10 editorial cartoonsCartoons Wednesday’s political cartoons include Donald Trump's doodles, a hidden message in the Jeffrey Epstein birthday book, and rising sea levels
-
The best folk albums of 2025The Week Recommends From soul-searching lyrics to magnificent harmonies, these artists are a cut above the rest
-
Parthenogenesis: the miracle of 'virgin births' in the animal kingdomThe Explainer Asexual reproduction, in which females reproduce without males by cloning themselves, has been documented in multiple species
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
