Stock market up after days of plunging amid coronavirus pandemic

(NEW YORK) — U.S. financial markets saw reprieve Friday after days of massive losses, with the Dow Jones Industrial Average surging around 1,110 points, or more than 5%.

The S&P 500 and Nasdaq were also up at around 5% each.

The markets have plummeted this week amid the novel coronavirus outbreak and the World Health Organization declaring it a “pandemic.”

On Thursday, the Dow Jones Industrial Average lost more than 2,350 points, almost 10%, and the day before it plunged 1,464 points, or 5.86%, as investor anxiety pushed the index into a bear market for the first time since the 2008 financial crisis.

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