Thursday, February 16, 2023
HomePersonal FinanceDow swings 460 points in hectic session as stocks see first back-to-back...

Dow swings 460 points in hectic session as stocks see first back-to-back gains in 2 weeks

U.S. stocks finished higher on Thursday, notching their first back-to-back gains since Aug. 25 after a volatile session that saw the Dow Jones Industrial Average swing more than 460 points from peak to trough. Stocks seemed to shrug off hawkish commentary from Federal Reserve Chairman Jerome Powell, along with the European Central Bank’s largest interest-rate hike since the early days of the euro. Some market strategists said the rebound was the result of stocks falling into ‘oversold’ territory. The S&P 500
SPX,
+0.66%

climbed 26.31 points, or 0.7%, to 4,006.18, while the Dow Jones Industrial Average
DJIA,
+0.61%

finished 193.24 points, or 0.6%, higher at 31,774.52. The Nasdaq Composite
COMP,
+0.60%

advanced 70.23 points, or 0.6%, to 11,862.13.

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