Dow closes 560 points higher after Monday's big drop

By Digital Media Team, Spectrum News
Last Updated: Tuesday, February 06, 2018, 4:29 PM EST

Stocks closed sharply higher Tuesday on Wall Street after another turbulent day of steep ups and downs.

  • Dow Jones gains 2.3 percent on Tuesday
  • Follows big drops on Friday, Monday

The Dow Jones industrial average gained 567 points, or 2.3 percent, recouping nearly half of the 1,175-point plunge it took the day before.

The index of 30 big-name U.S. companies ended up at 24,912.

On its way there, the Dow took several harrowing turns during the day, opening with a plunge of 567 points — coincidentally, the exact same amount it wound up gaining at the closing bell.

The broader Standard & Poor's 500 index rose 46 points, or 1.7 percent, to 2,695. The Nasdaq climbed 148, or 2.1 percent, to 7,115.

Big drops Friday and Monday erased the Dow’s gains for the year. By Tuesday, it was once again slightly higher for 2018.

Information from the Associated Press was used in this report.