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Dow posts biggest single-day point gain in history

Girl statue in front of New York Stock Exchange
The 'Fearless Girl' statue stands at its new location in front of the New York Stock Exchange. Photo: Atilgan Ozdil/Anadolu Agency via Getty Images

The Dow Jones Industrial Average closed 1,086 points up — a nearly 5% gain — on Wednesday, the index's largest single-day point gain in history. The Nasdaq finished up 5.84% and the S&P 500 up 4.96%.

Why it matters, per Axios' Felix Salmon: Stock market volatility is the new normal. All three of the United States' major stock indices easily erased their losses from Monday, which was their worst Christmas Eve on record.

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