US stocks surge, Dow Jones up 1,985 points

Wall Street roared back from its worst day in 30 years with a broad rally that sent the Dow Jones Industrial Average nearly 2,000 points higher - its biggest point gain ever - after Trump declared the coronavirus pandemic a national emergency.

The Dow's gains doubled in the last half-hour of trading as Trump made his remarks, giving the index its biggest percentage gain since 2008 and capping a rally that recouped many of the losses from a day earlier.

The rally came at the end of a week of turbulent trading fueled by heightened fears that the fallout from the coronavirus could bring on a global recession. Thursday's drop was the worst since the Black Monday crash of 1987. Investors have been clamoring for strong action from the U.S. government to combat the economic impact.