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Major Swings Are the New Norm for U.S. Stocks

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Major Swings Are the New Norm for U.S. Stocks(Bloomberg) — Major swings in U.S. stocks have become the norm as of late. One of the biggest rallies of the bull market sent equities soaring on Friday, with the S&P 500 Index and Dow Jones Industrial Average both climbing more than 3 percent and the Nasdaq Composite Index gaining 4.3 percent after a better-than-expected jobs report and sympathetic comments from Federal Reserve Chairman Jerome Powell. It was the second time in just over a week that all three major indexes breached the 3 percent level. …