t was an ugly day for stocks but if you told me before the CPI data that it would be hot and that stocks would trade flat on Thursday-Friday, I’d say that’s constructive. It sure doesn’t feel that way though.

• S&P 500 down 86 points to 3583 or 2.4%
• Nasdaq Comp -3.1%
• Russell 2000 -2.6%
• DJIA -1.3%

On the week:

• S&P 500 -1.25%
• Nasdaq Comp -2.8%
• Russell 2000 -1.1%

What a day!

For the day, the S&P had its fifth-largest intraday reversal from a 52 week low. The low today was down -2.39%. That was a new 52 week low. At the close it was up 2.6%

For the NASDAQ index it was the 4th largest reversal from a 52 week low.. At the low it fell -3.15%. The index is closing up 2.23%.

• S&P and NASDAQ snapped 6 day losing streak
• All Dow 30 stocks close higher. Best day since November 2020
• All S&P 11 sectors close higher
• The Dow industrial average range was 1507 points or around 5%
• the NASDAQ index had a range of 608 points or about 5.70%

the final numbers are showing:

• Dow industrial average rose 827.87 points or 2.83% at 30038.71
• S&P index rose 92.85 points or 2.60% at 3669.89
• NASDAQ index rose 232.06 points or 2.23% at 10649.16
• Russell 2000 rose 40.64 points or 2.41% at 1728.41

Closing changes for the main US markets:

• S&P 500 down 104 points to 3639 or -2.9%
• Nasdaq Comp -3.8%
• Russell 2000 -3.2%
• DJIA -2.1%
• Toronto TSX Comp -2.35%

On the week:

• S&P 500 +1.4%
• Nasdaq Comp +0.5%
• Russell 2000 +1.9%
• Toronto TSX Comp +0.4%