Stocks Gain Friday After Historic Rough Week
Closing bell saw the Dow maintaining a gain of 37.19 points, with the Nasdaq Composite Index gaining 27.56 points and the S&P 500 index gaining 6.83 points.
The recent gains were in part attributed to the G20’s pledge to stabilize markets, in response to a disastrous Thursday trading session that left the Dow down almost 400 points.
Yet the week’s costs offset the gains. Overall, the Dow was down 6.4% for the week, its worst performance ever since the epicenter of the financial crisis in 2008. The Nasdaq fell 5.3%.
For investors, fears of a double-dip recession caused by pessimistic remarks from the U.S. and Europe sparked the financial turbulance.
Reach Aaron Liu here.
Follow him on Twitter.
Best way to find more great content from Neon Tommy?
Or join our email list below to enjoy Neon Tommy News Alerts.