DOW Has Best Day Since 1933

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Posted: Mar 24, 2020 4:35 PM
DOW Has Best Day Since 1933

Source: AP Photo/Richard Drew

The DOW Jones ended the trading day at its best since 1933. With a relief package looking increasingly likely, after Democrats on Capitol Hill torpedoed the bipartisan package put together over the weekend, optimism is on the upswing.

This uptick is the market's response to the promise of a relief package, which will hopefully head to President Trump's desk soon. The delay in producing a relief package is largely attributed to partisan gridlock, even after leadership from both parties spent the weekend co-authoring a package.

President Trump and his task force also instill confidence in the American people with daily briefings, or in today’s case a virtual town hall. The American people appear to resonate with the Trump Administration’s handling of COVID-19 as a global health pandemic, per Gallup’s latest polling:

A market upswing of this stature during a health epidemic is undoubtedly a good sign for Americans feeling economic distress.