NewsNational News

Actions

Dow loses more than 900 points but finishes up for the week

Stocks open lower on Wall Street following a big 3-day rally
Posted at 9:00 AM, Mar 27, 2020
and last updated 2020-03-27 16:06:03-04

The Dow Jones Industrial Average closed the week on a sour note, giving back some of the gains it had made on three straight days in the green.

The Dow closed down 915 points — a 4 percent loss — its first drop since Monday. However, the markets remained up for the week, the first week-over-week gain since February.

The day of losses came despite the House passage of a $2.2 trillion stimulus package that the Trump administration hopes can boost the economy amid an economic slowdown caused by the coronavirus.

President Donald Trump is expected to sign the bill into law this afternoon.