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Stocks Start 2019 With Another Bumpy Ride

But end the day slightly higher
By Newser Editors and Wire Services
Posted Jan 2, 2019 3:14 PM CST
Trader Frederick Reimer works on the floor of the New York Stock Exchange, Wednesday, Jan. 2, 2019.   (AP Photo/Richard Drew)

(Newser) – The stock market ended a bumpy ride slightly higher on the first day of trading of the year thanks to gains in internet and energy companies, the AP reports. Facebook climbed 3.5% Wednesday and Amazon added 2.5%. Energy companies marched higher along with an upturn in the price of crude oil. Exxon Mobil rose 2.2%. Stocks got the year off to a lousy start with the Dow Jones Industrial Average plunging almost 400 points in the first minutes of trading. The market clawed back the ground it lost and ended with modest gains. The S&P 500 edged up 3 points, or 0.2%, to 2,510. The Dow rose 18 points, or 0.1%, to 23,346. The Nasdaq rose 30 points, or 0.5%, to 6,665. (Read more stock market stories.)

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