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May 14, 2020, 4:30 p.m. EDT

The Dow stages 835-point U-turn, leading to the sharpest reversal from an intraday slump in 2 months

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By Mark DeCambre

The Dow Jones Industrial Average on Thursday closed sharply higher, reversing a sharp drop that served as a gut-check to bullish investors amid the COVID-19 pandemic. The Dow /zigman2/quotes/210598065/realtime DJIA -1.86% ended up 377 points, or 1.6%, at 23,625, following a skid that saw it lose as many as 458 points at its intraday nadir at 22,789.62. Gains were driven by an advance in American Express Co. /zigman2/quotes/203805826/composite AXP -3.06% and UnitedHealth Group Inc. /zigman2/quotes/210453738/composite UNH -3.28% , which helped to lead the charge. The reversal for the index marked its biggest comeback since March 19, according to Dow Jones Market Data. The S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.48% , meanwhile, rose 1.2% to end at 2,853, powered by a gain in the financials sector /zigman2/quotes/209660484/composite XLF -2.61% , up 2.6% and a rally in consumer discretionary shares /zigman2/quotes/200844504/composite XLY -1.34% . The technology laden Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -0.80% finished up 0.9% , or 80.55 points, at around 8,944--well off its lows at 8,705.25.

Read the full story:
Dow attempts major comeback, up over 200 points as AmEx and UnitedHealth shares rally

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
25,581.51
-485.77 -1.86%
Volume: 153.42M
July 9, 2020 11:29a
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/zigman2/quotes/203805826/composite
US : U.S.: NYSE
$ 90.06
-2.84 -3.06%
Volume: 1.47M
July 9, 2020 11:29a
P/E Ratio
13.67
Dividend Yield
1.91%
Market Cap
$74.78 billion
Rev. per Employee
$733,559
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/zigman2/quotes/210453738/composite
US : U.S.: NYSE
$ 288.56
-9.80 -3.28%
Volume: 1.11M
July 9, 2020 11:29a
P/E Ratio
20.31
Dividend Yield
1.72%
Market Cap
$282.96 billion
Rev. per Employee
$754,157
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/zigman2/quotes/210599714/realtime
US : S&P US
3,123.01
-46.93 -1.48%
Volume: 979.89M
July 9, 2020 11:29a
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/zigman2/quotes/209660484/composite
US : U.S.: NYSE Arca
$ 22.56
-0.61 -2.61%
Volume: 26.36M
July 9, 2020 11:29a
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/zigman2/quotes/200844504/composite
US : U.S.: NYSE Arca
$ 130.12
-1.77 -1.34%
Volume: 1.09M
July 9, 2020 11:29a
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
10,408.36
-84.14 -0.80%
Volume: 1.66M
July 9, 2020 11:29a
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