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Dow claws back some of huge loss in trading Friday

Sunlight hits the front facade of the New York Stock Exchange on Wall Street in New York City on Friday. Photo by John Angelillo/UPI
Sunlight hits the front facade of the New York Stock Exchange on Wall Street in New York City on Friday. Photo by John Angelillo/UPI | License Photo

June 12 (UPI) -- After its worst single-day decline since March, the bellwether blue-chip U.S. stock index reclaimed a chunk of the loss in trading Friday.

A day after falling 1,800 points, the Dow Jones Industrial Average climbed 477 points or 1.9 percent by the end of day Friday. Thursday's plunge was the index's worst single-day performance since the dawn of the COVID-19 crisis three months ago.

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The Dow initially rose more than 800 points after the opening bell Friday.

The S&P 500 was up 1.31 percent and the Nasdaq composite was up 1 percent.

Friday's surges weren't enough to overcome losses for the week, though. The Dow finished the week down 5.5 percent, the S&P 500 was down 4.7 percent and the Nasdaq was down 2.3 percent -- their worst weeks since March.

Travel stocks, including airlines and cruise lines, fueled part of Friday's rebound.

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