By Matt Egan
The S&P 500 spiked a stunning 27% between March 23 and Tuesday. It was the biggest 15-day rally in 87 years, according to Bespoke Investment Group. The Dow skyrocketed even further, gaining 5,300 points, or 29%, in that span.
The recent rebound was driven by relief over the emergency actions taken by Washington to avoid a full-blown financial crisis, or even a depression. Investors are encouraged by signs that the coronavirus may be at or near a peak, potentially allowing businesses to re-open next month.