Dow surges 1,100 points after Biden's Super Tuesday wins

The Dow Jones Industrial Average closed up 1,173 points, or 4.53 percent, on Wednesday after former Vice President Joe Biden secured wins across Super Tuesday primary states. Sen. Bernie Sanders (I-Vt.), whose proposals would be harsher on Wall Street than Biden's, had previously been the sole frontrunner.

The stock markets have recently faced a wild fluctuation, with the Dow seeing its largest one-week slump since the 2008 financial crisis last week over fears of how COVID-19 would affect the economy. The Dow rebounded on Monday in its biggest single-day points gain of all time, only to fall again Tuesday and then rise again Wednesday.

The Federal Reserve Board issued an emergency interest cut on Tuesday in an attempt to calm the economy during the coronavirus outbreak.

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