Finally yesterday the market does well with a gain. A huge gain. The market may just be coming around now… hopefully it will continue. Though, I’m sure there are still hard times ahead so don’t kid yourself. But this is a good start in the right direction.
That bullish sentiment was backed up by the fact the markets closed at their highest levels of the day, reversing a weeks-long trend of catastrophic late-day selloffs. In fact, the Dow surged by more than 300 points in the final hour alone.
The Dow rally was the index’s largest point gain ever, nearly doubling the previous record of 499 points set in March 2000. On a percentage basis, the gains were even more impressive as the Dow had its best day since September 1932.