Stocks post biggest rally since 2008, clawing back some of their coronavirus collapse
Posted on AllSides March 13th, 2020
From The Center
Stocks soared Friday as Wall Street rebounded from the sharp losses suffered in the previous session — the worst since the “Black Monday” market crash in 1987.
The Dow Jones Industrial Average closed 1,985 points higher, or 9.4%, at 23,185.62. Friday marked the Dow’s biggest-ever point gain. The S&P 500 climbed 9.2% to 2,711.02 while the Nasdaq Composite surged 9.3% to 7,874.23. The averages posted their biggest one-day gain since October 2008.
“Volatility, I always remind people, means big moves in both directions,” said Randy Frederick, vice president of trading...
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