NEW YORK - U.S. equity markets bounced back after the worst drop since 1987 as President Trump, the Federal Reserve and the U.S.
Treasury Department made further moves to restore investor confidence. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates. The Dow Jones Industrial Average climbed over 1,045 points or over 5 percent.
While the broader S&P 500 and tech-heavy Nasdaq Composite jumped around 6 percent. On Tuesday, the Federal Reserve announced it was taking action to grease the wheels of the commercial paper market, which is critical for supporting the flow of credit to businesses and households.