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US Stocks Post the Biggest Gain Since 2012 -

Aug, 27th 03:06


The Wall Street closed on Wednesday with their biggest gains in nearly four years, breaking a dramatic six-day slide that left them in correction territory.

Stock benchmarks traded within a wide range, with some analysts saying the price action indicated the market was going through a bottoming process.

The Dow Jones Industrial Average DJIA, jumped 619.07 points, or 4% to 16,285.51, with all 30 members of the blue-chip index closing higher and 25 of the 30 components rising 3% or more.

The S&P 500 SPX closed 72.90 points, or 3.9%, higher at 1,940.51. The Nasdaq Composite COMP ended the day up 191.05 points, or 4.2%, at 4,697.54.


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