Speed has been the hallmark of this bear market—but a speedy recovery probably isn’t in the works, even after the Dow Jones Industrial Average posted its biggest gain in more than 85 years.
The Dow soared 2112.98 points, or 11.37%, to 20,704.91, good enough for its biggest gain since 1933. The other indexes’ gains weren’t quite as spectacular but were none too shabby. The S&P 500 jumped 9.38% to 2447.33, its biggest gain since October 2008. The Nasdaq Composite climbed 8.12% today to 7417.86, its largest gain since,…
Ben Levisohn | Barron’s