Dow's 200-point swing is biggest intraday comeback in nearly 9 months
The Dow Jones Industrial Average on Tuesday booked its best recovery from an intraday low since early December as Wall Street investors appeared to shake off worries centered on increased tensions in the Korean Peninsula. The Dow rose 57.97 points, or 0.3%, at 21,865.37, marking a nearly 200-point swing into positive territory. That marks the best resurgence intraday since Dec. 7, 2016 when it spanned some 320 points before finishing higher, according to WSJ Market Data Group. Wall Street, overall managed to eke out modest gains , with the S&P 500 index gaining about 0.1% at 2,446.30 and the Nasdaq Composite Index closing about 0.3% higher at 6,301.89. Trading has been marked by seasonally low volumes and mounting worries about a military response to North Korea, which delivered its most provocative ballistic-missile launch in years, flying at least one projectile over Japanese airspace late Monday and drawing widespread rebukes from the U.S. and its Asian neighbors.
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