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Dow Jones bounces back on Tuesday, but not enough to makeup for Monday's losses

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Posted at 4:04 PM, Mar 10, 2020
and last updated 2020-03-10 16:04:23-04

The Dow Jones Industrial Average recovered on Tuesday, closing up 1,163 points as oil stocks bounced back after a turbulent Monday.

Although the coronavirus was likely a major factor in Monday's record point drop, oil stocks also tumbled on Monday as a feud between Russia and Saudi Arabia over oil prices led to the plummet. Many of those same stocks saw a recovery on Tuesday.

The Dow lost a record 2,000 points on Monday.

Still, the Dow has lost ground over the last several weeks. The market has lost 4,500 points from last month, or roughly 15% of its value.

The Dow's Tuesday resurgence came despite coronavirus figures jumping nationwide. More than 700 cases have been reported nationwide, with 28 fatalities.