Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 16, 2020 at Wall Street in New York City. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images) NEW YORK - U.S.
equity markets rallied Thursday after the Federal Reserve's plan to provide $2.3 trillion in lending to households and businesses overshadowed a surge in jobless claims.
The Dow Jones Industrial Average rose 285 points, or 1.22 percent, narrowly missing gains that would have registered the index's best week since 1938.
The S&P 500 and Nasdaq Composite were higher by 1.45 percent and 0.77 percent, respectively. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates U.S.