Dow soars more than 1,000 points amid relief rally
CBSN
The stock market up sharply on Wednesday following news of a potential de-escalation in the trade war with China and after President Trump said he has no plans to oust Federal Reserve Chair Jerome Powell.
The Dow Jones Industrial Average soared over 1,000 points, or 2.6% in early trading, after making similar headway yesterday. The S&P 500 and tech-heavy Nasdaq Composite also made gains, climbing 168 points, or 3.2%, and 664 points or 4.1%, respectively.
The market will "more likely than not continue to be dictated by Trump's latest whims regarding tariffs and trade," said Tim Waterer, chief market analyst at KCM Trade.
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This story originally aired on Oct. 12, 2024. It was updated on Jan. 7 and June 7, 2025. NEWS REPORT | JILL VALLEY | KPAX: Missoula police are concerned that a missing Dixon woman might be held somewhere against her will tonight. They are continuing to investigate the disappearance of 23-year-old Jermain Charlo who also goes by the name "Liz." I'm home alone for two more weeks. So, every day, blog will probably be only me until my boyfriend/fiancé gets home from work.
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