The index ended 1,086 points higher at 22,878 in the last hour of trade, an increase of 5 percent over Monday’s abbreviated session.
No matter which way the stock market goes in 2019 — and Wall Street has ample arguments for either direction — expect it to be another gut-wrenching ride.
This marks the sixth straight day of losses for the market, which has been rattled by rising interest rates, signs of a slowdown in the global economy and the U.S.-China trade dispute.
Investors are wary of possible further U.S. interest rate hikes. That will raise the cost of corporate borrowing and could drag on economic growth.
The trade clash between President Donald Trump and China’s government is escalating, with Beijing pledging to “counterattack with great strength” if Trump follows through on threats to impose tariffs on an additional $100 billion in Chinese goods.
Stocks ended the week the way they began it: tumbling as investors worry that tariffs and harsh words between the U.S. and China will touch off a trade war that derails the global economy.
Wall Street ended another volatile week with a Friday sell-off that sent the Dow Jones Industrials Average down 572 points, or 2.3 percent.
The Dow Jones industrial average plunged more than 700 points, as President Donald Trump announced plans to slap tariffs on Chinese imports. The Chinese government vowed to defend itself.
After rallying past 26000 for the first time ever in Tuesday trading only to fall sharply in afternoon trading, the Dow Jones industrial average closed above 26000 for the first time in history Wednesday.
The three-part series "The making of Marion Barry" looks at how the future mayor got his start in the civil rights movement, how he became a power player in the city and his enduring legacy.