U.S. stocks surged Wednesday, recovering all their losses from a Christmas Eve plunge and placing the market on track for its best day in nine months. The Dow Jones Industrial Average closed up than 1,000 points in best day for Wall Street in 10 years.
After almost 10 years, Wall Street’s rally looks like it’s ending. Another day of big losses Friday left the U.S. market with its worst week in more than seven years.
The move to promote the specially designated areas designed to “incentivize” private sector investment in distressed communities is not expected to have much impact on the 61 zones in Nevada.
The average U.S. price of regular-grade gasoline has plummeted 22 cents a gallon over the past three weeks, to $2.51.
The truce in the trade dispute between the U.S. and China should boost rattled financial markets, at least likely through year’s end, experts say. But the stock market’s wild gyrations of recent months likely will persist as the two countries strain to reach a permanent accord.
