Published on 25 Jan 2022 on Zacks via Yahoo Finance
Stock Market News for Jan 25, 2022
Major U.S. benchmarks staged a late session comeback on Tuesday as investors rushed to buy beaten-down tech stocks reversing a sharp sell-off earlier in the day. This saw the Dow bouncing back more than 1,000 points, its biggest U-turn ever, to end in the green. All the three major indexes ended in positive territory.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) rose 0.3 % or 99.13 points to end at 34,364.50 points. The blue-chip index staged a dramatic comeback by bouncing as much as 1,214.17 points after hitting a low of 33,150.33 points during the session. This is the first time that the Dow has finished in positive territory after being down by more than 1,000 points. Also, the index ended its six-day losing streak.