Dow’s 1,172-Point Round Trip Just Misses Post-Election Record
- Selloff proves to be a trader’s event that’s over by morning
- With uncertainty over, S&P 500 jumps to one-month high
This article is for subscribers only.
One of the biggest single-day reversals in stock market history left the Dow Jones Industrial Average just shy of a record close.
The 30-stock gauge climbed 1.4 percent to 18,589.69 Wednesday, briefly surpassing its Aug. 15 high before paring the advance in the final 30 minutes, while futures traded in a 1,172-point range, going from down 867 points to 305 points up. Caterpillar Inc. and Pfizer Inc. led the rally, rising more than 7 percent as investors assessed a Donald Trump presidency.