Wednesday, December 26, 2018

Stock Market Bounces Back As Dow Regains Over 1,000 Points

Stock market rebounds after four-day losing streak

Via The Washington Post:

Stocks on Wednesday climbed back from their epic Christmas Eve plunge as all three indexes posted big gains.

The Dow Jones industrial average roared more than 1,050 points in late afternoon — the biggest point gain in history — as stocks snapped a four-day losing streak that had placed the 10-year bull market on the edge of death on Monday.

Wednesday’s preliminary 4.96 percent climb in the S&P is the best Dec. 26 on record, replacing the 3.06 percent gain record set in 1973.

It was the largest daily percentage gain for market since March 2009.

In that the markets prefer stability versus uncertainty, many noted the rebound occurred on a day Donald Trump had not tweeted.

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