Stocks Swing Back to Gains, Dow up 330

But Dow and S&P 500 both end week down over 5% overall
By Newser Editors and Wire Services
Posted Feb 9, 2018 3:24 PM CST
Trader Gordon Charlop works on the floor of the New York Stock Exchange, Friday, Feb. 9, 2018.   (AP Photo/Richard Drew)

(Newser) – Stocks staged a late rally Friday, ending a wild week marked by dramatic point swings on a positive note, the AP reports. The Dow Jones industrial average gained 330 points, or 1.4%, to 24,190. Earlier in the day it had dropped by 500. The S&P 500 gained 38 points. Still, both the Dow and S&P 500 lost more than 5% for the week. Both indexes had their worst week since January 2016. The Dow recorded 1,000-point drops on Monday and Thursday.

The Standard & Poor's 500 index rose 1.5%, to close at 2,619. The Nasdaq rose 97 points, or 1.4%, to 6,874. Bond prices fell. The yield on the 10-year Treasury note rose to 2.85%.

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