Dow Jones Industrial Average Skyrockets 11% in Biggest One Day Move Since 1933
Posted on 03/24/2020
The Dow Jones Industrial Average (DJIA) skyrocketed on March 24, 2020, recording its best day in 87 years as investors are hoping U.S. lawmakers are able to pass a historic stimulus bill to combat the negative economic impact of the Wuhan coronavirus (COVID-19) pandemic. This historic equity market bounce comes from days of historic sell-offs in global equity markets.
DJIA closed 2,112.98 points higher, or more than 11%, at 20,704.91. This is DJIA’s largest one-day gain since 1933. On a broader note, the S&P 500 rallied 9.4% to 2,447.33 for its best day since October 2008.
DJIA Best One-Day Gains (daily percent change)
1. March 15, 1933
2. October 6, 1931
3. October 30, 1929
4. June 22, 1931
5. March 24, 2020
6. September 21, 1932
7. October 13, 2008
8. October 28, 2008
9. October 21, 1987
10. August 3, 1932
