The New York Stock Exchange has invoked a rule intended to facilitate a smooth opening to trading during what’s expected to be a bumpy period
Tuesday. So-called Rule 48 was used yesterday as the Dow Jones Industrial Average plunged 1,000 points at Monday’s open, eventually rebounding somewhat to close off nearly 600 points in whipsawing action. On Tuesday, the Dow jumped 389 points, or 2.4%, at 16,261.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News