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U.S. markets showed continued volatility with heavy losses on the open and a continued backtest towards November support levels. The major moving averages held with choppy trading afterwards before a surge to the upside into the closing bell.
The Dow gained 2.3% after testing a low of 23,778 and dipping below its 100-day moving average before recovering to close just below the 25,000 level.
The S&P 500 jumped 1.7% to finish just below the 2,700 level following an 108-point intraday swing and a low of 2,597.
The Nasdaq was up 2.1% after trading to a low of 6,824 while holding its 100-day moving average and closing back above the 7,000 level. The Russell 2000 rallied 1.1% after falling to a low of 1,461 and coming within a fifth-point of breaching its 200-day moving average while closing back above the 1,500 level.
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