Markets rebound on stimulus promises, Fed action

U.S. stock markets rebounded on Tuesday after one of their worst downfall's in history a day earlier, as President Trump and Congress advanced economic stimulus plans and the Federal Reserve too actions to shore up the financial system in the face of the coronavirus pandemic.

The Dow Jones Industrial Average closed up 1,049 points, or 5.2 percent percent, recovering a portion of its nearly 3,000-point drop on Monday, the third worst day in its history.

The index, which peaked at over 29,500 just last month, briefly hovered below 20,000 in...