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.