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April 9, 2020, 10:02 a.m. EDT

Dow, S&P retrace nearly half of COVID-19 related selloff

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By Tomi Kilgore

The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.07% surged 545 points, or 2.3%, in morning trading Thursday, which puts it on track to retrace nearly half of the COVID-19-related selloff. The Dow had dropped 10,959.49 points, or 37.1%, from its Feb. 12 record close of 29,551.42 to its March 23 closing low of 18,591.93, and has since bounced 5,387 points, or 29.0%, to retrace 49.1% of the decline. With the S&P 500's /zigman2/quotes/210599714/realtime SPX +0.48% 2.2% rally on Thursday, the index has now bounced 25.6% off its March 23 closing low of 2,237.40, and has retraced 49.9% of the decline from its Feb. 19 record close of 3,386.15. Meanwhile, the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +1.29% was rallying 1.6% to extend its gain off its March 23 low of 6,860.67 to 19.8%, and to retrace 46.0% of the decline from its Feb. 19 record close of 9,817.18.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
25,383.11
-17.53 -0.07%
Volume: 545.14M
May 29, 2020 5:14p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,044.31
+14.58 +0.48%
Volume: 4.38B
May 29, 2020 5:14p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
9,489.87
+120.88 +1.29%
Volume: 4.24M
May 29, 2020 5:16p
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