ZCZC
BCN-10
US-STOCKS-MARKETS
Dow ends 5% higher as US stocks rally
NEW YORK, Dec 27, 2018 (BSS/AFP) – Wall Street stocks roared back to life
Wednesday, shaking off four straight routs and notching the biggest single-
session gains in nine years.
At the closing bell, the Dow Jones Industrial Average was at 22,876.75, up
more than 1,000 points or five percent.
The broad-based S&P 500 also surged five percent to 2,467.68, while the
tech-rich Nasdaq Composite Index advanced 5.8 percent to 6,554.36.
The rally came after a bruising stretch for Wall Street and followed
strong retail sales data and White House reassurances that Fed Chair Jay
Powell won’t be fired. Analysts attributed the gains in part to technical
factors after days of selling.
BSS/AFP/HR/0950