Stocks claw back some ground a day after historic plunge
By ALEX VEIGA and DAMIAN J. TROISE AP Business Writers
NEW YORK (AP) — Stocks have clawed back some of their recent losses at the end of a brutal week of selling. The gains Friday came in another day of turbulent trading fueled by heightened fears of a global recession from the coronavirus. Thursday’s drop was the worst for the U.S. market since the Black Monday crash of 1987. An early surge in buying subsided around midday Friday, then regained momentum in the afternoon, leaving major indexes up about 6.5%. The Dow Jones Industrial Average rose 1,350 points. Markets added to their gains in late trading after President Donald Trump announced new efforts to expand testing for the coronavirus.