Dow Industrials Rally 5% on Central-Bank Stimulus Hopes

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Dow Industrials Rally 5% on Central-Bank Stimulus Hopes
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The Dow Jones Industrial Average rose about 1,300 points, or roughly 5%, ending a seven-session losing streak

Stocks shot higher while U.S. government bond yields hit new lows Monday, with investors betting central banks can stabilize markets and shield economic growth from the impact of the coronavirus.

The Dow Jones Industrial Average rose 1,294 points, or 5.1%, to 26706, after briefly trading in the red in the morning. The S&P 500 gained 4.6% and the Nasdaq Composite added 4.5%.

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