The Dow Jones Industrial Average rose 1,086 points, gaining nearly 5 percent, the biggest point gain in history, Wednesday afternoon after a rough Christmas Day.
The Dow Jones also had the biggest upside move on a percentage basis since March 23, 2009, according to CNBC. This comes as the stock market had its worst week in nearly 10 years from Dec. 17 through Dec. 21, dropping over 400 points.
Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi released a joint statement Monday, saying that President Donald Trump “is plunging the country into chaos” and “the stock market is tanking and the president is waging a personal war on the Federal Reserve.”
“Investors went bargain shopping the day after Christmas, where stocks just got too cheap relative to earnings, future earnings, any reasonable assessment of earnings,” Chris Rupkey, managing director of MUFG said to CNN. “The coast is clear, back up the truck, investors are saying enough already, the world is not ending.”
Wednesday was also the biggest post-Christmas comeback for the stock market ever, CNBC reported.
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org
After months of doing everything diplomatically possible to avoid direct US involvement in the war…
We’re at a tipping point in our country, if we continue with this increasingly violent…
Some major Chinese companies are attempting to gain a foothold in new markets such as…
The White House might leverage an obscure procedural tool to push through billions in spending…
Three of the best the Democrats have to offer appeared before Congress last week to…
The Supreme Court sided Friday with oil companies seeking to challenge California’s electric vehicle regulations.…