Dow rebounds in greatest 1-day gain in history

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Dow Jones.
(Image credit: JOHANNES EISELE/AFP via Getty Images)

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.

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Kathryn Krawczyk
Kathryn Krawczyk

Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.