Wall Street rebounds after Dow plunged 784 points and S&P entered correction

 

Wall Street rebounds after Dow plunged 784 points and S&P entered correction

Wall Street had a rollercoaster ride on Thursday, with the Dow Jones Industrial Average swinging from a session low where it was down 784 points, to end the day with a decline of just 77 points.

The frenzied day of trading began overnight when news broke that Meng Wanzhou, a high-profile executive at China’s Huawei Technologies, had been arrested at the behest of U.S. authorities as she traveled in Canada at the weekend. That sparked broad fears among investors that the incident would swell into a geopolitical and diplomatic imbroglio, shattering the fragile cease-fire in the U.S.-China trade skirmish.

via Wall Street rebounds after Dow plunged 784 points and S&P entered correction