Dow hits biggest 3-day surge since 1931
U.S. stocks climbed on Thursday for a third straight day, with the Dow capping off its biggest three-day surge since 1931.
Investors shrugged off the release of record-breaking initial jobless claims due to the coronavirus outbreak while the Senate passed a massive economic stimulus bill.
The Dow Jones Industrial Average soared more than 1,300 points, or 6.2 percent. Over the past three days, the Dow rose by more than 20 percent.
The S&P 500 also clinched a three-day winning streak jumping 6.2 percent. The Nasdaq Composite gained 5.6 percent.
Shares of Facebook, Amazon, Apple, Netflix, and Google-parent Alphabet all jumped more than 4 percent, according to CNBC.
Shares of Boeing, Chevron, and Walgreens triggered the Dow’s gains, with each stock surging more than 10 percent, CNBC reported.
Utilities and real estate were the best-performing sectors in the S&P 500, both ended trade more than 7 percent higher, CNBC reported.