U.S. Stocks Soar Day After Christmas, Dow Surges Over 1,000 Points – First Time in History
By Ken Martin, Fox Business // December 26, 2018
ABOVE VIDEO: AT THE CLOSE: The Dow surged more than 1,000 points on Wednesday following Christmas Eve’s market selloff.
(FOX BUSINESS) – The Dow Jones Industrial Average surged on Wednesday in a seesaw session, as U.S. markets erased losses suffered in the most recent trading session on Christmas Eve.
The Dow rose more than 1,080 points, or nearly five percent, marking the first time in history the exchange rose more than 1,000 points in a single day of trading.
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 nearly six percent.
All three major exchanges posted their largest single-day point increase on record. Gains in the tech and retail sectors drove the rally, helping the market recoup losses witnessed on Monday. The energy sector also rose, with U.S. crude oil prices soaring more than nine percent after weeks of declines.
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