Dow rebounds 1,000 points
The Dow Jones Industrial Average spiked over 1,080 points Wednesday, a nearly 5 percent gain and the largest single-day rise since 2009. The S&P 500 jumped nearly 5 percent and the Nasdaq Composite gained 5.6 percent, largely thanks to oil and retail stock hikes in the wake of the holidays. The massive gains come after the biggest Christmas Eve trading slump in history, which continued the stock market's worst December since the Great Depression. Investors appeared to take to heart President Trump's assessment Tuesday that the market plunge represented a "tremendous opportunity to buy." Markets also seemed placated after White House economic adviser Kevin Hassett said Fed Chairman Jerome Powell’s job is "100 percent safe." You can read more at Bloomberg and CNBC.
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