Stocks Surge 2% Friday But Why Are They So Volatile Lately?
The Standard & Poor's 500 gained 2% on Friday, a big and much-welcomed surge after losses all week. The big gain was widely attributed to a jump in oil prices.
"A surge in oil prices helped put investors in a buying mood early on," the Associated Press reported Friday evening.
In late June 2015, oil prices started another swift descent, tumbling from $60 to less than $40 a barrel in six weeks. On August 24, 2015, the stock market experienced a "flash crash" and a long-awaited correction of about 11% occurred in a day. Since then, the stock market has declined as oil prices dipped lower.
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