Stocks Surge A Day After A Massive Rout

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KELO Stock Market Wall Street

Stocks are surging on Wall Street, a day after a huge rout erased the market’s gains for the year. The Dow Jones Industrial Average jumped 500 points, or 2 percent.

The Dow’s big gain on Thursday erased most of its 606-point swoon from the day before, but the average is still 6.5 percent below the all-time high it reached three weeks ago.

Strong earnings reports from Microsoft, Visa, Comcast, Ford and other companies helped drive the market higher.

Trading has turned volatile on Wall Street this month following an unusually placid summer.

The S&P 500 rose 61 points, or 2.3 percent, to 2,717.

The Dow was up 471 points, or 1.9 percent, to 25,050. It was up 512 minutes earlier.

The Nasdaq added 245 points, or 3.5 percent, to 7,354.
 

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