New York Usa covid-19 pandemic crisis DOW New York Usa

Dow exits bear market adds 1,351 points on $2 trillion relief pkg.

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NEW YORK - U.S. equity markets surged on Thursday with the Dow Jones Industrial Average exiting bear market territory as optimism grows that the economy will regain its footing despite the coronavirus crisis.

The Dow gained 1,351 points or over 6.4 percent. The S&P 500 also rose 6.3 percent and the Nasdaq Composite over 5.6 percent.

A new bull market is set to begin on Thursday. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates Investors digested record jobless claims and waited for the House to vote on a $2 trillion relief package which should get money into the hands of out of work Americans and crippled small businesses.

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