The Sift Here’s what we’re Sifting today

Stocks finish wild week with weak rally

by Lynde Langdon
Posted 2/09/18, 05:19 pm

The stock market rallied late Friday to trim the week’s losses but still ended down about 5 percent since Monday. The Dow Jones industrial average closed at 24,190, a gain of 1.3 percent over Thursday, and the S&P 500 gained 38 points. Just two weeks ago, the Dow hit a record high of 26,616. Many analysts say the drop over the past week is a normal market “correction,” though they didn’t anticipate it would happen so suddenly. “We may have seen the worst, but it’s too early to say for sure,” said Shane Oliver of AMP Capital. “However, our view remains that it’s just another correction.”

Read more from The Sift Sign up for The Sift email
Lynde Langdon

Lynde is a WORLD Digital assistant editor and reports on popular and fine arts. She lives in Wichita, Kan., with her husband and two daughters. Follow Lynde on Twitter @lmlangdon.

Read more from this writer