The U.S. equity markets showed their strongest one-day rebound in history on Tuesday amid investor optimism that members of Congress will overcome their differences to reach a deal on a nearly $2 trillion COVID-19 stimulus package.
The gains were the largest percentage gain since 1933, and followed a plunge on the major averages Monday despite the Federal Reserve announcing it would buy unlimited amounts of assets to support the economy.
Stocks also appeared to gain based on comments from President Trump in a virtual coronavirus town hall held by Fox News.
"I’d love to have the country opened up and raring to go by Easter" said Trump.
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The President appeared ambitious to restart parts of business life when a 15-day shutdown ends next week, even as health officials warned that the highly contagious virus is threatening to overwhelm hospitals.
Commodities gained, with gold rallying 6 percent to $1,660.20 an ounce and West Texas Intermediate crude oil up nearly 3 percent at $24.01 a barrel.
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The energy and financials sectors led stocks higher, rallying 16.3% and 12.75%, respectively.
