Dow closes Monday with modest gains

Dow Jones Industrial Average's nearly 700 point gain follows a roughly 900 point loss at the close of last week

Published: March 30, 2020 3:41pm

Updated: March 30, 2020 4:21pm

The Dow Jones Industrial Average closed Monday up 690 points. The gains, a 3.19 percentage increase, follow a nearly 1,000-point loss on Friday, continuing the financial markets' up-and-down pattern since the coronavirus started impacting them earlier this year.

Analysts attribute the gains to higher stock prices for health care companies, which have testing devices and other products in the pipeline that could help in the coronavirus pandemic.

The S&P 500 on Monday gained 85 points. The index erased earlier losses Monday and last week but remains about 23 percent below its record high last month.