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U.S. stocks recover day-time losses in choppy trading session, European stocks drop

2018-12-28 2 Dailymotion

U.S. stocks got whiplash on Thursday, recovering huge losses incurred during the day and continuing record gains from the day before. <br />European stocks, however, were not able to rally again, dropping mostly lower.<br />For more on this and other news around the world we turn to our Ro Aram…<br />Aram.. what's the latest?<br /><br />Well Mark… Thursday's trading session started with a massive sell-off, mostly sparked by weak U.S. consumer confidence data for December. <br />Trading see-sawed throughout the day, with the Dow plunging more than 600 points before clawing back losses late in the afternoon.<br />This allowed Wall Street to continue its rally from Wednesday, when the Dow Jones posted its highest gains in a decade. <br />The Dow ended Thursday's session nearly 1.1 percent higher to close at just under 23,140.<br />The Nasdaq was up about 0.4 percent and the S&P 500 gained close to 0.9 percent. <br />However, it wasn't the same story in Europe. <br />London's FTSE 100 closed 1.5 percent lower, Germany's DAX was down a whopping 2.4 percent and France's CAC-40 edged down 0.6 percent. <br />

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