Dow Surges 5 Percent on Hopes for Central Bank Help on the Economy

Dow Surges 5 Percent on Hopes for Central Bank Help on the Economy
Specialist Peter Mazza works on the floor of the New York Stock Exchange, Monday, March 2, 2020. Richard Drew/AP Photo
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The Dow Jones Industrial Average soared nearly 1,300 points, or 5 percent, Monday as stocks roared back from a seven-day rout on hopes that central banks will take action to shield the global economy from the effects of the coronavirus outbreak.

The huge gains clawed back some of the ground lost last week in a massive sell-off that gave stocks their worst stretch since the financial crisis of 2008.