Dow ends up 5.2% on expectations for huge US stimulus

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Traders work on the floor of the New York Stock Exchange shortly after the opening bell. PHOTO: REUTERS

NEW YORK (AFP) - Wall Street stocks rallied on Tuesday (March 17) on expectations for massive federal stimulus to address the economic hit from the coronavirus, partially recovering some of their losses from the prior session.

The Dow Jones Industrial Average finished up 5.2 per cent or around 1,050 points at 21,237.31, a day after shedding almost 3,000 points.

The broad-based S&P 500 gained 6 per cent to 21,237.31 while the tech-rich Nasdaq Composite Index jumped 6.2 per cent to 7,334.78.

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