Wall Street bounces back from Christmas Eve rout in record style – The Times

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Wall Street bounces back from Christmas Eve rout in record style – The Times

Wall Street enjoyed record-breaking gains on Boxing Day after suffering its worst ever Christmas Eve, giving cheer to investors after a torrid festive season for stock markets.

All three of the big US indices delivered their largest ever daily points gains yesterday. In percentage terms, all climbed by the most in a day since March 2009.

The Dow Jones industrial average added more than a thousand points for the first time in its history to close 5 per cent, or 1,086.25 points, up at 22,878.45. The technology-focused Nasdaq pulled itself out of a bear market, rising by 361.44, or 5.8 per cent, to 6,554.36. The S&P 500 dipped into the red in morning trading but rallied strongly to reach 2,467.70 by the close, a gain…

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