Volatile high-volume trading conditions in New York moved stocks wildly on Tuesday, with the Dow Jones closing up 567 points, or 2.3%, at 24,912.
The increase came on a day when stocks moved by more than 1,100 points. At its lowest, early in the trading day, the Dow was down 567 points.
It was the largest one-day point gain since August 2015, and the biggest percentage gain since January 2016. The S&P 500 rose 1.7% to 2,695. The Dow and S&P are now back in positive territory for 2018.
22.61% – 19 October 1987
Global markets fall amid growing tensions in the Middle East between Iran and the US, with warships attacked.
12.82% – 28 October 1929
Wall Street Crash of 1929 which began the previous Thursday continues on Black Monday as the economy starts to worsen.
11.99% – 18 December 1899
The suspension of shares in Produce Exchange Trust Company prompted fears of a market bubble in industrial stocks.
11.73% – 29 October 1929
The Wall Street Crash continues on Black Tuesday.
9.92% – 6 November 1929
Shares continue to fall before bottoming out on 13 November.
8.4% – 12 August 1932
Markets weaken as the Great Depression worsens.
8.29% – 14 March 1907
A run on banks amid a recession led to a financial crisis, which was only ended after banker JP Morgan pledged his own money to shore up the system.
8.04% – 26 October 1987
Continuing fallout from the Black Monday turmoil.
7.87% – 15 October 2008
As the global financial crisis continues, concerns grow despite global bank bailout plans unveiled.
7.84% – 21 July 1933
Markets continue to fall during the Great Depression.
After Monday, which saw the biggest one-day drop in six years – now blamed on a combination of interest-rate fears, computer-driven trading and the effect of volatility funds – the results restored a measure of confidence.
The treasury secretary, Steven Mnuchin, said he was not “overly concerned about the market volatility. I think the fundamentals are quite strong.”
At the White House, where Donald Trump has staked the measure of his performance on the economy and frequently hyped the gains of 6,000 points since he took office, his press secretary, Sarah Sanders, echoed the sentiment.
“We have historically low unemployment and we actually have increasing wages for American workers,” Sanders said.
“There’s nothing that’s taken place over the last couple of days in our economy that’s fundamentally different than it was two weeks ago and we’re very comfortable with where we are right now.
She added: “Does the president have second thoughts about taking credit for a booming economy? Absolutely not.”
1,175.21, 5 February 2018
Growing fears of interest rate rises send investors to the exits after markets had recently hit record highs.
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Shares fall again as fears grow that rising growth and inflation will force central banks to raise rates more sharply.
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The US Congress votes against a bank bailout bill put forward by the Treasury and Federal Reserve.
733.08, 15 October 2008
Concerns continue despite global bank bailout plans unveiled.
684.81, 17 September 2001
Wall Street reopens after 9/11 terrorist attack.
679.95, 1 December 2008
US economy in recession with concerns about how long it will take to recover.
678.92, 9 October 2008
Markets fall at the height of the global financial crisis after the collapse of Lehman Brothers and the subprime mortgage chaos hit other financial institutions.
665.75, 2 February 2018
Strong earnings figures provide more evidence that Federal Reserve could raise US interest rates more times than expected.
634.76, 8 August 2011
Markets plunge as investors react to US losing its coveted AAA credit rating from Standard & Poor’s.
617.78, 14 April 2000
Technology stocks are sold off amid fears of growing inflation.
610.32, 24 June 2016
Wall Street reacts to the UK voting to leave the EU.
After starting the day deep in negative territory, and lingering in a neutral zone for much of the sessions, the Dow surged in the final 90 minutes of trading to end the day sharply up.
Earlier in the day, European and Asian markets also fell. The Japanese Nikkei 225 plunged 4.7%, while the Shanghai composite pulled back 3.4%. Shares in London plunged for a sixth day and by the largest amount since the Brexit vote.
