Top
image credit: Pixabay

Dow gains more than 500 points as market focuses on efforts to slow coronavirus spread

March 30, 2020

Category:

Gains for the Dow firmed midday Monday, supported by shares of health-care related companies like Johnson & Johnson and UnitedHealth Group, as investors assessed efforts to slow the spread of the COVID-19 pandemic and cushion the economy against the impact of a near lockdown of activity across much of the U.S.

What are major indexes doing?

The Dow Jones Industrial Average DJIA, +1.75% gained 482 points, or 2.2%, to about 22,119, after a brief morning dip into negative territory. The S&P 500 SPX, +2.25% climbed 64 points, or 2.5%, to 2,578. The Nasdaq Composite Index COMP, +2.73% rose 219 points, or 2.9%, to trade near 7,722.

Read More on Market Watch