Dow jumps 600 points Friday, capping one of the most volatile weeks on Wall Street ever
Stocks climbed Friday as Wall Street wrapped up a historically wild week.
The S&P 500 advanced 1.81% to end at 5,363.36. The Dow Jones Industrial Average rose 619.05 points, or 1.56%, and closed at 40,212.71. The Nasdaq Composite climbed 2.06% to settle at 16,724.46.
Stocks took a leg higher Friday afternoon on comments from the White House that President Donald Trump is “optimistic” China will seek a deal with the U.S.
This week has been one of the most volatile periods on record for Wall Street. The major averages tumbled Thursday as traders went into risk-off mode, with trade policy uncertainty weighing on sentiment, losing a chunk of the historic gains seen on Wednesday after Trump announced a 90-day reprieve on some of his high “reciprocal” tariffs.
The S&P 500 fell 3.46% on Thursday, while the 30-stock Dow tumbled 1,014.79 points, or 2.5%. The tech-heavy Nasdaq ended the day lower by 4.31%. On Wednesday, the S&P 500 rallied 9.52% for its third-largest gain in a single day since World War II, while the 30-stock Dow skyrocketed more than 2,900 points.
Source: CNBC
