The S&P 500 Just Posted the Most Daily Swings of 3% or Greater in More Than a Decade – Even as the Stock Market Hits a Five-Week High

The S&P 500 also booked its 38th session gain of at least 1% this year on Tuesday, surpassing last year’s total

by Mark DeCambre
Market Watch

U.S. stocks are attempting to recover from their most recent lows of late March, but the recent market gyrations, even with Tuesday’s positive swing, highlight why this coronavirus-stricken market is one of the most volatile since the 2007-09 financial crisis.

On the bright side, the S&P 500 index US:SPX finished trade up 84.43 points, or 3.06%, at 2,846.06, marking the broad-market index’s highest level since March 10, when fears about COVID-19 were buckling the market. However, Tuesday’s 3% moves marks the 23rd move of at least 3% in either direction for the index, matching such moves in all of 2009, according to Dow Jones Market Data.

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