What a reversal for stocks! The S&P 500 and the Dow Jones Industrial Average saw their largest single-day price swings in four years on Friday. The turnaround came as a stock-market nosedive sparked by a weaker-than-expected jobs report appeared to succumb to investor appetite for battered stocks. The Dow ended up 200 points, or 1.2%, after sinking by nearly 260 points earlier in the session, while the S&P 500 picked up 27 points, or 1.4%. The reversal for the pair of stock benchmarks marked their largest swings since Oct. 4, 2011, according to Dow Jones data. The whipsawing action helped stocks eke out modest gains for the week after volatile trading that has become more characteristic of a market keyed into economic data and what it means for the timing of a potential Federal Reserve interest-rate hike.
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From:: Stock Market News