June 13 (UPI) — After its worst single-day decline since March, the bellwether blue-chip U.S. stock index reclaimed a chunk of the loss in trading Friday.
A day after falling 1,800 points, the Dow Jones Industrial Average climbed 477 points or 1.9 percent by the end of day Friday. Thursday’s plunge was the index’s worst single-day performance since the dawn of the COVID-19 crisis three months ago.
The Dow initially rose more than 800 points after the opening bell Friday.
The S&P 500 was up 1.31 percent and the Nasdaq composite was up 1 percent.
Friday’s surges weren’t enough to overcome losses for the week, though. The Dow finished the week down 5.5 percent, the S&P 500 was down 4.7 percent and the Nasdaq was down 2.3 percent — their worst weeks since March.
Travel stocks, including airlines and cruise lines, fueled part of Friday’s rebound.
