Best Day in 87 Years

Amazing day on Wall Street.

This was the single-best day for the Dow in 87 years.

The Dow finished up 11.37%. That nosed out September 21, 1932 for fourth-best day ever.

The Dow beat the S&P 500 by 2% today. That’s very unusual. Three Dow stocks were up more than 20% today (Boeing, Amex, Chevron).

How about the S&P 500 Energy? It was up 16.31% today. That’s the entire sector!

While today was the Dow’s best day since 1933, that 1933 day wasn’t really one day of trading. The exchanges had been shut down for a week by FDR for the Bank Holiday. Stock prices shot up after reopening.

This was due to the Emergency Banking Act.

Posted by on March 24th, 2020 at 5:34 pm


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