Biggest Market Rally Since 2009 Follows Days Of Painful Losses

Anthony Matesic, a designated market maker, follows stock prices at the New York Stock Exchange, earlier this month.

Mark Lennihan / AP

Updated at 5:24 p.m. ET

The stock market came roaring back Wednesday with a rally that pushed up the Dow Jones Industrial Average by more than 1,000 points. It is the largest single-day point gain in the history of the Dow. In percentage terms, that’s a gain of nearly 5 percent. The S&P 500 was up by a similar amount and the Nasdaq composite index was up even more — 5.8 percent.

To be exact, the Dow gained 1086.25 points Wednesday. But even with that gain, it is still down 7.4 percent on the year. The S&P 500’s year-to-date loss is a smidgen higher.