March 17, 2020 / 8:08 PM / 21 days ago

US STOCKS SNAPSHOT-Wall St rebounds from sell-off with help from Fed

March 17 (Reuters) - U.S. stocks rose 6% on Tuesday, a day after their steepest declines since the 1987 crash, as the Federal Reserve took further steps to boost liquidity and stem damage from the coronavirus pandemic that has gripped the global economy and markets.

Initial closing data showed the Dow Jones Industrial Average rose 1,048.49 points, or 5.19%, to 21,237.01, the S&P 500 gained 142.83 points, or 5.99%, to 2,528.96 and the Nasdaq Composite added 430.19 points, or 6.23%, to 7,334.78. (Reporting By Caroline Valetkevitch; Editing by Sandra Maler)

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