Dow surges 1,300 points, rebounds from three-year low, on hope a coronavirus rescue bill is close [CNBC]
UNITED TECHNOLOGIES (UTX)
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Source: CNBC
Dow surges 1,300 points, rebounds from three-year low, on hope a coronavirus rescue bill is close Published Mon, Mar 23 2020 Updated 7 min ago Fred Imbert @foimbert Thomas Franck @tomwfranck VIDEO 2:05 02:05 Barry Sternlicht on coronavirus: We cannot kill the largest economy in the world Squawk Box Stocks jumped on Tuesday as investors hoped U.S. lawmakers were close to an agreement on a stimulus bill to rescue the economy from the coronavirus. The Dow Jones Industrial Average S&P 500 Nasdaq Composite Boeing gained more than 17% to lead the Dow higher. Chevron and United Technologies also rallied more than 11%. was the best-performing sector in the S&P 500, soaring 9.3%, while industrials jumped 7.2%. House Speaker Nancy Pelosi told CNBC's Jim Cramer there is " real optimism hope to have a deal by Tuesday morning "From a market perspective … it feels like we're coming to the end of it," said Michael Novogratz, CEO of Galaxy Digital, on CNBC's " Tuesday's moves followed yet another s
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