U.S. Indexes See Highest Single-Day Gains Since 2009
Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Wednesday, December 26. Recent market declines reversed dramatically with major U.S. indexes having their highest single-day gains since 2009. The Dow Jones Industrial Average and S&P 500 each surged 5.0% and the NASDAQ advanced 5.8%. Meanwhile, the pace of home price increases slowed slightly—rising 5.0% in October, versus the 5.2% and 5.5% respective gains seen in September and August.