Dow Bounces More Than 300 Points Friday, Still Ends Week Down 5 Percent - NBC 7 San Diego
National & International News
The day’s top national and international news

Dow Bounces More Than 300 Points Friday, Still Ends Week Down 5 Percent

The Dow dropped 1,032 points Thursday, its second drop of that magnitude this week

    processing...

    NEWSLETTERS

    Join The Holiday Toy Drive
    AP Photo/Richard Drew
    This Feb. 6, 2018, photo shows trader George Ettinger, center, working on the floor of the New York Stock Exchange.

    The Dow Jones industrial average rebounded more than 300 points Friday, paring deep losses for investors in what still amounted to the worst week in two years.

    The Dow ended the day up 330.44 points, or 1.38 percent, closing at 24,190.90. The S&P 500 rallied 1.49 percent to finish at 2,619.55, while the Nasdaq composite added 1.44 percent to close at 6,874.49. The index swung more than 1,000 points in volatile trading Friday.

    The Dow and the S&P 500 both lost 5.2 percent on the week, while the Nasdaq shed 5.1 percent as rising interest rates spooked investors. The Dow average experienced two drops of more than 1,000 points and two gains of more than 300 points during this volatile week. At their lows this week, all three major indexes were in correction territory from the record highs reached in January.

    The Dow dropped 1,032 points Thursday and the aveage posted its worst point drop in history on Monday, closing 1,175 points lower. Monday's decline of 4.62 percent was also its worst daily percentage drop since Aug. 10, 2011, when it also fell 4.62 percent.

    Al Roker Looks Back on 40 Years at NBC

    [NY-NATL] Al Roker Looks Back on 40 Years at NBC

    Today Show's Al Roker is celebrating 40 years at NBC, and he takes a moment with old pal Janice Huff to talk about his history with WNBC, the memorable storms they've covered and that infamous Doppler 4000 promo.

    (Published Friday, Dec. 14, 2018)