Speed Reads

on the upswing

Dow rebounds in greatest 1-day gain in history

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.

The Nasdaq Composite also rose 384 points, or 8.5 percent, and the S&P 500 rose 135 points, or 4.6 percent.