Updated Mar 13, 2020 - Economy & Business

Stocks rebound after Wall Street’s worst day since 1987

Trader on the floor of the New York stock exchange
Photo: Bryan R. Smith/AFP via Getty Images

Stocks closed up more than 9% on Friday, following the stock market's worst day in 30 years.

Why it matters: Stocks jumped during Trump's coronavirus press conference, ending Wall Street's wild week with its best single-day performance since the financial crisis.

By the numbers: The S&P 500, Nasdaq Composite and the Dow all rose about 9.3%, adding to earlier gains after Trump declared a national emergency.

  • The S&P shed 8% this week. The index, which fell into a bear market in a record 16 trading sessions, is 20.1% from its all-time high.

The bottom line: Investors increasingly expect a recession, and warn the eye-popping volatility that we saw this week could continue as news develops around the coronavirus outbreak.

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