The Dow Jones average rose a shocking 1,000 points Wednesday; slashing deep losses accumulated ahead of the holiday season and posting the largest ‘single-day’ gains in American history.
“Stocks rose sharply in volatile trading on Wednesday as surges in retail and energy shares helped Wall Street regain the steep losses suffered in the previous session,” writes CNBC.
“A strong sell-off on Monday sent the major indexes down more than 2 percent and ended with the S&P 500 falling into a bear market. The S&P 500 was down 20.06 percent from an intraday record high set on Sept. 21 before Wednesday’s sharp rebound. U.S. exchanges were closed Tuesday for the Christmas holiday,” adds the article.
Read the full story at CNBC.