Stocks sank Friday, with the Dow Jones briefly falling more than 1,000 points, as a new coronavirus variant first detected in South Africa appeared to be spreading across the globe.
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Stocks are closing lower on Wall Street as more signs emerge of the economic damage being caused by the coronavirus outbreak.
There was more whiplash for the stock market at the beginning of 2019 as an early plunge gave way to mixed trading by midday.
U.S. stocks are staging a furious late-afternoon rally Thursday, closing with gains after erasing a 600-point drop in the Dow Jones Industrial Average.
Stocks closed solidly higher on Wall Street following even bigger gains in Europe as global markets stabilize following a two-day rout triggered by Britain's vote to leave the European Union.
The U.S. stock market closed out its worst week since 2011, rattled by concerns over a slowdown in China's economy and plunging oil prices.
The Dow Jones industrial average is breaking through another milestone, closing above 18,000 points for the first time following more encouraging news on the U.S. economy.
Stocks are ending sharply lower after a late-afternoon slide. The Dow Jones industrial average slumped 222 points, or 1.4%, to close at 16,321 Monday.
It was another wild ride for the stock market as the Dow Jones industrial average had its biggest plunge of the year. The 334-point drop came a day after the Dow had its biggest gain of the year.