The Dow Jones Industrial Average closed up 568 points on Tuesday, following Monday's single biggest daily points loss (1,175) in history.
Tuesday was a rollercoaster too, with the Dow plunging more than 500 points at the opening bell. But it swiftly reversed its course, and made big gains just before the closing bell.
The chief executive officer at Boston Private Wealth, Tom Anderson, explained the bumpy trading to The Wall Street Journal: "No one wants to catch a falling knife," he said, "so investors are looking to see things firm up or fall a bit more before buying."
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.
-
Frauds: ‘fantastically stylish’ crime heist caper is a ‘triumph’The Week Recommends Suranne Jones and Jodie Whittaker play a pair of ex-cons planning one last job
-
The struggles of Aston MartinIn the Spotlight The car manufacturer, famous for its association with the James Bond franchise, is ‘running out of road’
-
The end of ‘golden ticket’ asylum rightsThe Explainer Refugees lose automatic right to bring family over and must ‘earn’ indefinite right to remain
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstancesSpeed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governorSpeed Read
-
Los Angeles city workers stage 1-day walkout over labor conditionsSpeed Read
-
Mega Millions jackpot climbs to an estimated $1.55 billionSpeed Read
-
Bangladesh dealing with worst dengue fever outbreak on recordSpeed Read
-
Glacial outburst flooding in Juneau destroys homesSpeed Read
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creatureSpeed Read
