S&P 500 climbs 2% as Fed, other policymakers take further steps

NEW YORK (Reuters) – U.S. stocks managed to post gains on Thursday after recent steep losses as policymakers around the world took further emergency actions to try to help financial markets cope with deep coronavirus-driven economic damage.

The Dow Jones Industrial Average .DJI rose 189.63 points, or 0.95%, to 20,088.55, the S&P 500 .SPX gained 11.4 points, or 0.48%, to 2,409.5 and the Nasdaq Composite .IXIC added 160.73 points, or 2.3%, to 7,150.58.