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Stocks rise on coronavirus aid hopes

March 20, 2020


U.S. stocks moved higher Friday, capping a turbulent week on hopes government and central bank action can shield the global economy from the coronavirus pandemic.

The Dow Jones Industrial Average rose 300 points, after a relatively modest change a day earlier after wild price swings over the past week. The blue-chip average climbed 188.27 points Thursday to close back above 20,000. The Standard & Poor’s 500 added 0.7%. Both were on pace for weekly losses of at least 11%.

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