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US stocks in new rebound; S&P 500 & Nasdaq jump more than 4.5%

NEW YORK: US stocks made another dramatic comeback after a stunning fall on Thursday, in another day of extreme volatility in markets around the world. The Dow Jones Industrial Average battled back from Wednesdays 520-point loss with a 3.94 per cent gain, adding 422.84 points to close at 11,142.78. The broader S&P 500 rebounded 4.63 per cent, up 51.87 points to 1,172.63, while the Nasdaq gained 111.63 points, or 4.69 per cent, to 2,492.68. It was the US markets second recovery this week, after Tuesdays jump to overcome a big loss on Monday. This isnt a volatile equity market. It is an extremely volatile equity market, said Patrick OHare of Briefing.com. The massive swings are symptomatic of a market that is racked with uncertainty and where every rumor is treated as truth until the real truth can set one free from the rumor. The cycle soon begins anew, though, when the next rumor hits the wires. The markets opened higher and picked up the pace after Europes bourses closed solidly in the green zone.

                                                                                                               
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