US stocks stage furious rally late after national emergency declared
The Dow Jones Industrial Average rose 1,985 points, or 9.36%, to 23,185.62, the S&P 500 gained 230.38 points, or 9.29%, to 2,711.02 and the Nasdaq Composite added 673.07 points, or 9.35%, to 7,874.88.
Wall Street staged a furious rally in the waning moments of the session on Friday after U.S. President Donald Trump declared a national emergency to combat the rapidly spreading coronavirus, although major averages still suffered sharp losses for the week.
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