The Dow Jones Industrial Average on Friday closed up 330 points, or 1.4 percent, after a rocky day that saw it span a range of more than 800 points. Friday's end-of-day buying also boosted the S&P index up 1.5 percent. Overall, the Dow closed Friday down 6.2 percent from Monday’s opening bell.
The Dow traveled some 20,000 points this week, CNBC notes, fluctuations that stem from a strong January jobs report that "sparked … inflation fears and worries that interest rates could rise faster than expected," USA Today writes.
"I just think the market has to find new footing here," Peter Tuz, president of Chase Investment Counsel, told Reuters. "We are in very sloppy territory."
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.
-
The rise of the performative maleTalking Point What the latest internet trope tells us about gender roles, dating and male illiteracy
-
5 cracking cartoons about the new Cracker Barrel logoCartoons Artists take on MAGA designs, real issues, and more
-
Should you downsize for retirement? Here's what to consider.The Explainer Moving to a smaller place may seem easier, but there are also some real benefits to staying put
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
