Major indexes closed with solid gains on Wall Street Thursday after shaking off a rocky start
Major indexes closed with solid gains on Wall Street Thursday after shaking off a rocky start. Trading was still bumpy but nothing like the wild swings seen in recent weeks.
Investors were cautiously optimistic after steps by the Federal Reserve and other central banks as well as governments to support credit markets and the economy.
Even so the devastating impact of the coronavirus outbreak is starting to show up in economic data.
The S&P 500 index rose 11.29 points, or 5%, to 2,409.39.
The Dow Jones Industrial Average rose 188.27 points, or 0.9%, to 20,087.19.
The Nasdaq rose 160.73 points, or 2.3%, to 7,150.58.
The Russell 2000 index of smaller company stocks rose 67.58 points, or 6.8%, to 1,058.75.
For the week:
The S&P 500 is down 301.63 points, or 11.1%.
The Dow is down 3098.43 points, or 13.4%.
The Nasdaq is down 724.30 points, or 9.2%.
The Russell 2000 is down 151.42 points, or 12.5%.
For the year:
The S&P 500 is down 821.39 points, or 25.4%.
The Dow is down 8,451.25 points, or 29.6%.
The Nasdaq is down 1,822.03 points, or 20.3%.
The Russell 2000 is down 609.75 points, or 36.5%.