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The Dow Jones Industrial Average on Wednesday staged its biggest rebound from an intraday low in about six weeks, according to WSJ Market Data Group.
The blue-chip gauge had been down intraday by as many as 510 points, or 2.1%, but finished the session up 1%, or about 230 points, at 24,264, representing the biggest turnaround from a low on an intraday basis since Feb. 6, when blue chips were down 2.33% but ended with a gain of 2.33%.
The Dow DJIA, +0.96% traversed some 800 points from its nadir on Wednesday to its late-session peak, underscoring the new regime of volatility in the market.
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The Nasdaq Composite Index COMP, +1.45% and the S&P 500 index SPX, +1.16% marked their best single-session comebacks since Feb 9, when the Nasdaq tumbled 2.2% to end up 1.4% and the S&P 500 logged a 1.5% gain after being down 1.9% on that day.
On Wednesday, the S&P 500 index finished with a gain of 1.2% at 2,644, while the Nasdaq rallied to close up 1.5% at 7,042, erasing sharp opening losses.