scorecardresearchWall Street: Stocks mount biggest comeback in years; S&P 500 jumps 2.6%; Here's what happened and what it means for you

Wall Street: Stocks mount biggest comeback in years; S&P 500 jumps 2.6%; Here's what happened and what it means for you

Updated: 14 Oct 2022, 08:13 AM IST
TL;DR.
  • The S&P 500 jumped to a gain of 2.6%, a stunning reversal after earlier being down as much as 2.4% and touching its lowest level in nearly two years. The Dow Jones Industrial Average swung more than 1,500 points from its low to its high. The turnarounds were the biggest for each index since March 2020.
FILE PHOTO: An NYSE official gestures after the resumption of trading following a several hour long stoppage on the floor of the New York Stock Exchange, July 8, 2015.  REUTERS/Lucas Jackson/File Photo

FILE PHOTO: An NYSE official gestures after the resumption of trading following a several hour long stoppage on the floor of the New York Stock Exchange, July 8, 2015. REUTERS/Lucas Jackson/File Photo