The Dow and other indicators took an extraordinary leap up on Tuesday, with the Dow climbing nearly 10 percent to close up 889 points, the second highest point gain ever, representing a 10.9 percent gain. The NASDAQ gained 9.5 percent and the S&P 500 10.8 percent.
Analysts said the gain is part of a bear market cycle and seemed to be a strong reaction to news that the Federal Reserve would cut interest rates on Wednesday. This morning the Dow is down very slightly.
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The Mississippi Free Press produced this story through the MFP Solutions Lab, supported by the Solutions Journalism Network. This series digs into Mississippi’s systemic issues and sheds light on responses to them in other communities. Beyond just reporting on problems, these stories interrogate their causes and inspect potential solutions.