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Late Thursday rally could save Wall Street’s wild week

by Rachel Lynn Aldrich
Posted 12/28/18, 11:58 am

Wall Street tried to maintain momentum Friday after a rally Thursday afternoon erased a 600-point loss for the Dow Jones Industrial Average, finishing the day with a gain of 260 points. Although the New York Stock Exchange had its best day in 10 years on Wednesday, it’s still on track for the worst December on record since 1931, with the Dow and the S&P 500 both down around 9 percent for the month. Meanwhile, most global markets advanced Friday, but Japan’s Nikkei was down slightly.

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Rachel Lynn Aldrich

Rachel is an assistant editor for WORLD Digital. She is a Patrick Henry College and World Journalism Institute graduate. Rachel resides with her husband in Wheaton, Ill.

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  • OldMike
    Posted: Fri, 12/28/2018 09:43 pm

    Is anyone else getting the impression the MSM screams out every report that the stock market goes down, with words like “plummets,” “falls precipitously,” or “plunges?”  But mumbles into their collars when it goes back up?  All the time wanting us to connect the drops with Trump’s policies, but never commenting much on the upswings, like they hope we aren’t noticing that the general long term direction of the market is up?  Today the Dow-Jones closed at 23,062.  Two years ago, Dec. 28, 2016, it closed at 19,834.  And that followed 2 weeks of “alarming” drops, but I sure don’t remember the MSM trying to imply it was Obama’s fault.

    And they also seem to not much like news of unemployment rates dropping, or Christmas retail sales being the highest in 6 years, or average income increasing. 

    Huh. Wonder why.