The Dow Jones Industrial Average rallied on Tuesday to see its biggest one-day percentage gain, after U.S. lawmakers said they were close to a deal for an economic rescue package in response to the coronavirus outbreak, injecting optimism following the biggest selloff since the financial crisis.
All the major U.S. stock indexes bounced back strongly strongly from Monday's brutal selloff as the coronavirus outbreak forced entire nations to shut down.
Other markets like the European markets too saw a solid rally, as investors hoped that a massive stimulus would help the globe avoind a recession in the coming years. In Asia too most of the markets were seeing a sharp rally.
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