05.03.2020 Dow Jones Industrial Average Daily Analysis
After losing more than 800 points the previous day to close at $25890 the Dow made a surprising comeback by gaining 1200 points towards the market's closing yesterday. Previously the Dow had gone down massively after the Federal Reserve made an emergency interest cut of 50 Points. Investors feared that the economy wasn't in a good place panicked and this saw the Dow going down.
However, Congress stepped in and in a surprisingly bold move passed an emergency spending bill that allows $8.3 Billion towards combating coronavirus. This move was enough to see the Dow jump 1200 points within the last few hours before the markets closed for the day.