The Dow jumps more than 2 percent at opening
The Dow Jones Industrial Average rose more than 400 points, or 2.6 percent, at Wednesday's opening bell. But after Tuesday's rollercoaster day, in which a spike of more than 400 points evaporated and the U.S. stock market closed down 200 points, investors are waiting to see if Wednesday's promising start will stick.
Markets in Europe were slightly higher Wednesday, but in China, stocks continued their free fall, closing down 1.3 percent. As evidenced by Tuesday's series of ups and downs, The New York Times reports that "volatility continue[s] to dominate global markets" as the world's economies look to rebound from a six-day slump.
Join 350,000+ subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.