The Standard & Poor's 500 rose 0.9 percent to 2,488.83 after being down 2.8 percent at midday.
Most Asian stock markets gained while Japan edged down following Wall Street's rally at the end of a turbulent week. "At this point the best gift Saint Nick can give us is a stable market". Even so, the market remains headed for what could be its steepest annual loss since the financial crisis.
The S&P has lost 7.7 percent in the past four sessions, ending Monday at a 20-month low and 19.8 percent below its all-time closing high, just shy of the 20-percent threshold that commonly defines a bear market. The index is still clocking its biggest percentage drop in any December since the Great Depression and roughly three-quarters of its stocks are in bear market.
"There are reasons we should be volatile, including a lot of unknowns as we head into 2019, starting with tariffs", said JJ Kinahan, chief markets strategist for TD Ameritrade, noting that below-average trading volume this time of year is also contributing to the market's volatility this week. Investors had grown anxious that the testy U.S. "Gains would be a nice extra, but less volatility would help support confidence in the market, and permit longer-term investment decisions - by investors and corporate planners".
Energy stocks rose 3.28 per cent as crude oil prices rebounded, while the communication services and healthcare indexes also rose more than 2 per cent.
The S&P 500 opened lower by 25.20 points, or 1.02 per cent, at 2,442.50. Earlier, it had been down more than 69 points. It is the largest single-day point gain in the history of the Dow. The Nasdaq Composite Index advanced 361.44 points, or 5.84 percent, to 6,554.36.
All 11 major S&P 500 sectors ended in positive territory, with the technology sector after being beaten up during the recent pullback, rising 6.1 percent.
The Dow finished Monday 18.9 per cent lower than its closing high, not far off from joining the Nasdaq, the Dow Jones Transport Average and small-cap Russell 2000 index in bear market territory.
Benchmark U.S. crude dropped 3.5 percent to settle at $44.61 a barrel in NY. Brent crude, used to price global oils, gained $1 to $53.73 per barrel in London.
CURRENCY: The dollar declined to 110.58 yen from Thursday's 111.01 yen. The euro strengthened to $1.1449 from $1.1351.
To be exact, the Dow gained 1086.25 points Wednesday.
Inc jumped 6.12 per cent after reporting a "record-breaking" season. Tokyo's Nikkei 225 index was up less than 1 percent, while markets in Shanghai and Hong Kong were down less than half a percent.
Italy's Mount Etna spews the ash and smoke in Sicily, Italy Monday in this still image from a video obtained by Reuters TV. Some buildings were reportedly damaged in what was the latest in dozens of tremors since Etna erupted on Monday.
Most major chains will operate on Christmas Eve , even though it's generally recognized as a bank holiday too. Here are the opening times of the pharmacies in Rugby over the Christmas and New Year holidays.
Nearby LaGuardia Airport grounded all flights for about 30 minutes in order to do an airport inspection, according to the FAA. Governor Andrew Cuomo said full power has been restored to the airport, and that there are no significant outages to report .
A series of explosions rocked Damascus on Tuesday night as Israel allegedly targeted Hezbollah and Iranian targets. Both Iran and Hezbollah have been fighting alongside the forces of Syrian President Bashar Assad.
Those of us still rocking the Vita will also be treated to Fallen Legion: Flames of Rebellion and Super Mutant Alien Assault . This list includes one of the most incredible open-world snowboarding game Steep which was launched in 2016 by Ubisoft.
The White House hasn't provided any further details about the claim, which Trump first made on Twitter on Christmas Eve. The agency also awarded a second contract for $167 million to build 8 miles of the wall.
On Christmas Day, Trump took fire at fired former FBI Director James Comey and the Democrats in a rambling vitriolic rant . Trump most likely would have been attending Christmas services at church near his estate in Palm Beach, Florida.
Officials in North Dakota issued a no-travel advisory for the eastern part of the state due to icy roads and reduced visibility. A snow band is forming in southeastern North Dakota and into western Minnesota and is expected to continue southeastward.
Come the New Year, Sky in Italy say the Blues are keen to sign Higuain and strike a swap deal with Milan to see Morata join them. The attacking midfielder was on the verge of a move to Liverpool in the summer, but the deal broke down at the last minute.
Under Pete Carroll , the Seahawks are 16-2 straight-up in primetime games at home, not to mention 14-3-1 against the spread . He can learn from that, just exactly how you go up and through a guy at the end of the route and get the ball out.
The Accidental Prime Minister trailer talk
The BJP wrote on Twitter, "Riveting tale of how a family held the country to ransom for 10 long years". We must say, it's Anupam Kher and Akshaye Khanna who emerge as show-stealers and keep you hooked.
Saudi Arabia agrees to help rebuild Syria, says Trump
America has spent more than 15 years, more than 1 trillion dollars, and more than 2,000 American lives fighting in Afghanistan . The Saudis? Backing the radical jihadis, "Army of Islam" (Jaysh al-Islam) in Syria but wouldn't step in against ISIL.
Malala is all praises for Shah Rukh Khan, ‘Zero’
He used to reach the sets an hour before SRK so that the cameras were positioned according to his height. Shah Rukh Khan , Anushka Sharma , and Katrina Kaif starrer film is surprising at the box office.
Dead In Indonesia Tsunami: Disaster Agency
Yellow, orange and black body bags were laid out, the Associated Press reported, as weeping relatives identified the dead. He and his family fled safely to higher ground. "We have less medicine than usual.It's not healthy here for evacuees".