Dow rallies over 370 points as S&P 500, Nasdaq turn higher for the week

Stocks ended sharply higher Thursday, with the Dow rallying over 370 points and the S&P 500 and Nasdaq Composite turning positive for the week after suffering their worst one-day fall of 2019 on Monday. The Dow DJIA, +1.43% rose around 371 points, or 1.4%, to end near 26,379, according to preliminary figures, trimming the blue-chip gauge’s week-to-date decline to 0.4%. The S&P 500 SPX, +1.88% rose around 54 points, or 1.9%, toe finish near 2,938, while the Nasdaq COMP, +2.24% advanced around 176 points to 8,039, a gain of more than 2%. For the week so far, the S&P 500 is up 0.2%, while the Nasdaq is up 0.4%. The bounce came as government bond yields rebounded from the previous day’s slide following upbeat trade data out of China. Yields and bond prices move in opposite directions.

See Full Story Dow closes 371 points higher; S&P 500 and Nasdaq end back in the black for the week

U.S. stock benchmarks on Thursday finished at their best levels of the session as jitters over a potential trade and currency clash between Beijing and Washington gave way to greed for beaten-down assets.

Read More Here...

Bookmark the permalink.