Dow closes up more than 1,000 points in best day for Wall Street in 10 years as stocks rally back from Christmas Eve beating.
American exchanges were closed on Tuesday for the Christmas holiday, but stocks are inheriting downside momentum from a Monday plunge when they recorded their worst Christmas Eve trading ever - and the S&P 500 entered a bear market. Nasdaq rose 5.8 percent or 361 points to 6,554. The S&P 500 climbed more than 100 points, or about five percent, while the tech-heavy Nasdaq Composite rose more than 360 points, or almost six percent.
Hickey does have one painful reminder for investors: Even a 20% gain would leave the S&P 500 below its all-time high. Despite Wednesday's rally, stocks are on track for their worst December since 1931, during the depths of the Great Depression.
Gains for the sector seem to have been helped on news that holiday sales increased 5.1 percent year over year to more than $850 billion this year.
The offshore yuan was little changed after China released new rules promising to treat all companies equally, the latest positive step on the trade and investment front since further US and Chinese tariff hikes were paused.
Stocks had taken a beating recently on lingering worries about the economy and caution over persisting political uncertainties, as a partial federal government shutdown lingers and President Trump's continues his hostile stance toward the Federal Reserve.
The latest on developments in financial markets (all times local): 4:00 p.m. USA stocks are staging a furious late-afternoon rally Thursday, closing with gains after erasing a 600-point drop in the... The swing was indicative of the volatility that has gripped the stock market throughout December.
China's Shanghai Composite index fell 0.6 percent. The rally in oil prices, and in stocks for that matter, could be due in part to a bounce from oversold conditions, with market participants wanting to buy the dip. The Nasdaq was up 4 percent and on track to wipe out Monday's losses. the S&P posted a 2.9 percent pop in afternoon trading.
US stocks staged one of the biggest rallies of the 9 1/2 year bull market after coming within points of seeing it end, with major indexes surging at least 4.9 per cent. The Dow Jones Industrial Average is up 346 points or 1.6 percent to 22,131.
Advancing issues outnumbered declining ones on the NYSE by a 4.84-to-1 ratio; on Nasdaq, a 3.80-to-1 ratio favoured advancers. Credit card company Visa climbed 7 percent, and Mastercard was up 6.7 percent.
Benchmark U.S. crude dropped 2.4 percent to $45.12 a barrel in NY.
Retail stocks, particularly Amazon, provided the biggest boost to the market. Bank of America, JPMorgan and Goldman Sachs slipped more than 1 percent as the yield on the the 10-year Treasury fell to 2.76 percent from 2.79 percent.
According to CNBC, "retailers were among the best performers on Wednesday..."
European markets were also mixed, with Frankfurt's DAX showing a small gain, while the FTSE 100 (London) and the CAC 40 (Paris) moved lower.
The Russell 2000 is up 39.73 points, or 3.1 percent.
The 5-1 win at the Cardiff City Stadium was the first time United have scored five in a Premier League match since Sir Alex Ferguson's last game in charge more than five years ago. "I don't think he (Solskjaer) has stopped smiling", Young said.
Three days later, her boss at Doss Aviation received a text from her cellphone saying she wouldn't be at work the next week. Earlier in the investigation, police said Berreth's cellphone had pinged a tower in Idaho, roughly 600 miles away.
Some analysts say the US troop withdrawal could also have a silver lining and could send a useful message to all sides. President Donald Trump considers the war in Afghanistan a lost cause and has long pushed to pull the troops out.
Rafiekian founded the Flynn Intel Group with Flynn to offer advisory services based on Flynn's national security expertise. He said in a phone interview that he hired Flynn to help secure a deal with Ratio Energy, an Israeli energy company.
How did the justices vote? New Justice Brett Kavanaugh and three other conservative justices sided with the administration. The administration had also complained that the nationwide order preventing the policy from taking effect was too broad.
Claas Relotius paints pictures in the reader's mind that unfold like a film, ' said Franz Fischlin, chairman of the judging panel. According to Der Spiegel: "Claas Relotius committed his deception intentionally, methodically and with criminal intent".
And as US President Donald Trump has made clear, the spokesman said, "Sanctions relief will follow denuclearization". North Korean leader Kim Jong Un vowed to work towards denuclearisation at his landmark summit with U.S.
Santa does not want to rush the important job of delivering presents to children and spreading Christmas joy around the world. There's also a selection of "Santa Cam" videos , which document such things as his initial spotting at the North Pole.
A couple of weeks after announcing her split from Offset , Cardi B returned to Instagram Live with a very Cardi admission. The Quality Control couple was joined by friends prior to a headlining set from Cardi at the Electric Holiday Festival.
Bournemouth won 2-0 at home to Brighton , and Newcastle's home game with Fulham ended 0-0. "We want Mesut like today", said Emery. Chelsea was another club that got upset, as a Jamie Vardy goal handed Leicester a momentum-producing 1-0 win at Stamford Bridge.
Major Storm Whipping Up Blizzard Conditions
In a special weather statement, Environment Canada said "a significant winter storm is expected Thursday night into Friday night". As of right now, it looks like we'll start off the new year with some of the coldest temperatures of the winter season thus far.
Trump digs in on the wall and the shutdown
Workers are not paid in full while on leave, though are customarily compensated with backdated pay once the shutdown is over. State highway workers were sent to the area Monday to erect "no parking" signs along US 70 outside the monument.
How Meghan Markle's royal curtsy has improved a year on
The former " Suits " star could be seen placing a protective hand on Kate's back as the pair made their way inside the gates. Last year, she became the first non-married partner to be invited to Christmas lunch at Sandringham with the Queen.
Dems would OK money for border security, no wall
It looks like Christmas will be over and done with before the federal government will have a chance to get fully back to business. Asked whether he's willing to increase the price tag as long as the money is not spent on a wall, Durbin responded: "Absolutely".
China calls US arrogant and selfish after hacking indictment
China has been accused of a global hacking campaign, targeting Australian and other western companies to steal their secrets. Of course, the two indicted Chinese nationals live in China, so there isn't much chance that they will be tried in the U.S.
AB InBev set to sink R1.42bn in cannabis drinks
Coca-Cola, Pepsi and Guinness brewer Diageo have said they are closely watching the market for cannabis as it evolves. British Columbia-based Tilray Inc. has products available in 12 countries.