March 13, 2020

President Donald Trump on Friday declared a national emergency over the coronavirus pandemic, and announced a set of specific measures aimed at stemming the effects of the outbreak.

Stock marked indices sharply rallied during Trump’s press conference , posting their largest single-day gain since October 2008. The Dow Jones Industrial Average closed 1,985 points higher, or 9.4%, at 23,185.62., the index’s biggest-ever point gain on a single day.

The emergency declaration will free up as much as $50 billion in financial resources to efforts by states and U.S. territories to assist Americans affected by the outbreak.

Read more:

https://www.cnbc.com/2020/03/13/trump-will-hold-a-press-conference-at-3-pm-et-to-discuss-coronavirus-response.html