Home > Article
VOL. 39 | NO. 35 | Friday, August 28, 2015
US markets rebound a day after big plunge
NEW YORK (AP) — U.S. stocks are closing broadly higher as the market bounces back from a plunge the day before.
The Dow Jones industrial average climbed 293 points, or 1.8 percent, to 16,351 Wednesday.
The Standard & Poor's 500 index increased 35 points, or 1.8 percent, to 1,948. The Nasdaq composite gained 113 points, or 2.5 percent, to 4,749.
The Dow sank almost 470 points the day before as traders worried about more signs of weakness in China's economy.
European markets mostly rose.
Tax preparer H&R Block jumped almost 8 percent, the most in the S&P 500 index, after announcing a smaller loss than analysts were expecting and a stock buyback program.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.19 percent.