The comeback reversed a 611 point drop in the Dow Jones Industrial Average. The S&P 500 and Nasdaq eked out modest gains after having been down 2.8 and 3.3 percent, respectively. Even with the two-day winning streak, the Dow, S&P 500 and Nasdaq are all down more than 9 percent for the month and stocks are on track for their worst December since 1931. Prior to the two-day rally, the S&P 500 had fallen in 11 of 16 trading sessions in December, with five of the declines by 2 percent or more. The S&P 500 index rose 21.13 points, or 0.9 percent, to 2,488.83.

Source: ABC News December 27, 2018 15:23 UTC