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Stocks Surge Most Since 2008 on Vows for Stimulus: Markets Wrap

  • S&P 500 Index posts sharp rebound after worst day since 1987
  • Precious metals tumble, oil jumps, Treasury yields rise
Bloomberg business news
WATCH: European stocks rebound. Will it last?Markets: European Open.” (Source: Bloomberg)
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U.S. stocks jumped the most since 2008 to cap a wild week of trading as President Donald Trump joined world leaders in pledging to do whatever it takes to protect the economy from the coronavirus fallout.

The S&P 500 surged more than 9%, providing some respite a day after stocks’ worst session since 1987. Equities went on a tear in the last half-hour of trading as Trump declared a national emergency to help combat the virus, moved to prop up energy prices, declared a moratorium of federal student-loan interest and said the private sector will help with efforts to expand testing.