Shares closed Friday’s trading day, but only after they generated the largest three-day price increase in stock exchange history.
The strengthening of the Dow Jones stock index was even so strong that, with growth of 20% from the lowest closing price, it managed to break out of the bear market and is now officially in a new bull market.
Historical data suggests that the Dow Jones index has recorded the largest weekly price increase since 1938, the S&P 500 stock index since 2008 and the Nasdaq since 2009.
On Friday afternoon, U.S. lawmakers approved a $ 2 trillion bailout package bill to help the U.S. economy cope with the effects of coronavirus. Shortly afterwards, President Donald Trump also signed the law.
Source: Investing.com, Barchart.com, Bloomberg.com