U.S. Stocks Surge in Best Rally Since March 2009: Markets Wrap

S&P 500 jumps 5%, Dow average adds more than 1,000 points
Dollar edges higher as yen, Swiss franc drop; oil climbs

John Stoltzfus, Oppenheimer chief investment strategist, says "we think this is a horrible time to sell."Daybreak: Americas" (Source: Bloomberg)

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Jeremy Herron and Vildana Hajric

December 25, 2018 at 10:38 PM UTC

Updated on

December 26, 2018 at 9:38 PM UTC

This article is for subscribers only.

U.S. stocks staged one of the biggest rallies of the 9 1/2 year bull market after coming within points of seeing it end, with major indexes surging at least 4.9 percent. Crude jumped almost 10 percent.

All but one member of the S&P 500 finished in the green, the Dow Jones Industrial Average jumped more than 1,050 points for its biggest-ever point gain and the Nasdaq 100 rallied 6 percent in a surge last seen in March 2009. Small caps joined the rally with a 5 percent advance.