The Nasdaq hit a record high on Tuesday and the S&P 500 posted its biggest one-d...
- The Nasdaq hit a record high on Tuesday and the S&P 500 posted its biggest one-day gain in about six months as fears of a heavy economic impact from the coronavirus outbreak waned after China’s central bank intervened.
The Dow notched its biggest single-day rise in more than five months, as the stock market recovered from steep losses in the prior week. The stimulus boosted investor sentiment even as fallout from the coronavirus from China is expected to deliver a short, sharp blow to both Chinese and global economic activity in the first quarter.
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