USA stocks were attempting a modest rebound on Wednesday, boosted by technology shares and an Amazon-led jump in retailers, following four sessions of steep losses that pushed the S&P 500 and Dow Industrials near bear market territory.
All told, the S&P 500 index rose 116.60 points, or 5 percent, to 2,467.70.
Equity futures were giving back some gains following the biggest one-day Dow point gain in history.
But even with the rally, the market remains on track for its worst December since 1931, during the depths of the Great Depression, and to finish 2018 with its steepest losses in a decade. The Dow rose for the first time in a single trading session of more than 1000 points.
Sales in the 2018 US holiday shopping season rose 5.1 percent to over $850 billion, the strongest in six years, according to a Mastercard report.
The stagnation in the progress of resolving the trade war between the US and China supported by the Federal Reserve's increasing interest rate have continued to take a toll on the global economy and major stock markets in leading regions such as Japan, South Korea, and China.
The heavy-weight FAANG group - Facebook Inc (FB.O), Amazon, Apple Inc (AAPL.O), Netflix Inc (NFLX.O) and Alphabet Inc (GOOGL.O), rose between 1 percent and 4 percent. "They don't have a feel for the Market, they don't understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders".
The latest on developments in financial markets (all times local): 4:00 p.m. US stocks are staging a furious late-afternoon rally Thursday, closing with gains after erasing a 600-point drop in the...
Most Asian stock markets gained Friday while Japan edged down following Wall Street's rally at the end of a turbulent week.
Catriona Gray crowned Miss Universe 2018 Catriona would wear it straight to the Question and Answer segment, and eventually toward the Miss Universe coronation. A great travel buddy and definitely not a "scaredy cat", Catriona is always game for heart racing adventures.
Markets in Europe, Hong Kong and Australia were closed Wednesday for post-Christmas holidays.
Stocks are looking to stop one of the most miserable Decembers on record, as a host of headwinds combined to drag down America's benchmark index.
Health care and technology companies, banks and industrial stocks accounted for much of the broad gains. The S&P 500 retailing index jumped 7.4 percent, while shares of online retailer Amazon which touted a "record-breaking" season, climbed 9.4 percent.
Energy stocks also rebounded as the price of USA crude oil posted its biggest one-day gain in more than two years.
The Dow Jones Industrial average gained 223 points or 1 percent to 22,013.
Retailers also got a holiday boost. Advanced Micro Devices slid 6 percent to $16.82. The Nasdaq added 12 points to 6,591.
Bonds prices rose. The yield on the 10-year Treasury slipped to 2.78 percent from 2.79 percent late Wednesday, although the yield dropped as low as 2.73 percent when stocks were near their lowest levels as investors sought safer investments.
The Russell 2000 is up 39.73 points, or 3.1 percent. But despite Wednesday's surge, it remained on pace for its biggest monthly percentage drop since February 2009, during the throes of the financial crisis.
Mr Rodda says Wall Street is registering a solid day of activity on Thursday, with its three major indices up over 2-and-a-half % so far in the session.
Cyrus and Hemsworth's private wedding comes after a rocky, on-again , off-again relationship between the Last Song costars. Miley Cyrus has shared pictures of her embracing partner Liam Hemsworth amid reports the couple married before Christmas.
North Sea Brent crude lost $2.41, or 4.0 percent, to a low of $57.20, a 14-month low, and last traded around $58.06, down $1.55. Our 2019/23 production floater forecast is based on oil trading in this price range over the next five years.
President Donald Trump has long pushed to pull troops out of Afghanistan, considering the war a lost cause. But the Taliban said the withdrawal could in fact assist peace efforts by helping to build trust.
The third DLC chapter, Silver Lining finds Silver Sable has stormed back to reclaim her stolen Sable International tech. You might've assumed this would happen in a Star Trek movie but friends and neighbors, it did not.
Authorities have searched the property of Berreth's fiancé Patrick Frazee and their search there involved heavy digging equipment. Frazee voluntarily released his phone to be searched and allowed officers to take a DNA sample on December 12, his lawyer said.
He always told me to watch the game, watch the defenders, to visualize what movement you're going to make to try to put yourself in a position to score goals or have an impact when you come on off the bench.
No one could have predicted what was to come when Ilkay Gundogan gave second-placed City a 27th-minute lead. The Ralph Hasenhuttl revolution continued as Southampton beat Huddersfield 3-1 at the John Smith's Stadium.
To top it off, the fart spray is programmed to emit gross odors five times, which prompts package thieves to immediately toss it. A Global Positioning System tracker in the phones would let him know where a package ultimately ended up.
A large winter storm coming on the heels of Christmas is expected to bring snow to Nebraska, the Dakotas and Minnesota this week. By Thursday in central Minnesota, the northwest wind could be 10 to 15 miles per hour with gusts of 20 miles per hour .
So United knew just what it was getting when it gave the game's most volatile character a route back into the dugout in 2016. The club is 19 pints behind Premier League leaders Liverpool, who they lost to (1-3) last weekend.
The House and Senate briefly gaveled into session on Christmas Eve before closing again with no further action. More than 400,000 "essential" employees in those agencies will work without pay until the dispute is resolved.
Solskjaer, who will be at the Old Trafford helm for the remainder of the season, told MUTV in his first interview: "It's great". I can stand player who are quick to hide behind their agents, their social media, their friends in the media.
Marco Rubio of Florida said the withdrawal would be a "grave error with broader implications" beyond the fight against ISIS. The White House officially announced Wednesday morning almost 2,000 US troops are being pulled out of Syria.
An investigation into CBP actions will be conducted by the agency's Office of Professional Responsibility, the news release said. Jakelin and her father Nery Gilberto Caal Cuz were taken into custody on December 6 after crossing the border into New Mexico.
You don't know me, but my grandfather was a game warden in Montana and we spent our vacations going to our 2 national parks. The shutdown started Saturday after funding lapsed for nine Cabinet-level departments and dozens of agencies.
The former " Suits " star could be seen placing a protective hand on Kate's back as the pair made their way inside the gates. It's Meghan's first Christmas as a royal, though she celebrated with the family a year ago , in a break in tradition.
A person familiar with negotiations tells The Associated Press that the White House would prefer a longer-term package. More importantly, the border fencing Schumer backed in 2013 is different than how Trump has described his border wall.
Claas Relotius paints pictures in the reader's mind that unfold like a film, ' said Franz Fischlin, chairman of the judging panel. Relotius, who has admitted to faking some of his reporting, had written dozens of articles for Der Spiegel since 2011.
There is not now a viable alternative to the law that can pass the House and Senate and get signed into law by President Trump . He did not, however, issue an injunction, meaning the law can continue to be applied as the appeal process continues.
But, "O'Connor is so far off the reservation here that virtually any (appeals) panel will reverse him", Jost said. After Congress repealed the individual mandate in 2017, O'Connor said the rest of the law fell apart.