U.S. stocks rallied Wednesday, but only after zooming up, down and back up again in a fitting end to a wild month and quarter for Wall Street.
Prospects for additional support from Congress for the economy helped drive the day’s trading, as they have for weeks. The S&P 500 veered between a rise of 0.1% and of 1.7% through the day.
For the quarter, the S&P 500 rallied 8.5% to follow up on its 20% surge in the spring. But momentum slowed sharply at the end, and the S&P 500 fell in September to its first monthly loss since March.
On Wednesday:
The S&P 500 rose 27.53 points, or 0.8%, to 3,363.00.
The Dow Jones Industrial Average gained 329.04, or 1.2%, to 27,781.70.
The Nasdaq composite added 82.26, or 0.7%, to 11,167.51.
The Russell 2000 index of small company stocks picked up 2.96 points, or 0.2%, to 1,507.69.
For the week:
The S&P 500 rose 64.54 points, or 2%.
The Dow rose 607.74 points, or 2.2%.
The Nasdaq rose 253.94 points, or 2.3%.
The Russell 2000 rose 32.78 points, or 2.2%.
For the year:
The S&P 500 is up 132.22 points, or 4.1%.
The Dow is down 756.74 points, or 2.7%.
The Nasdaq is up 2,194.90 points, or 24.5%.
The Russell 2000 is down 160.78 points, or 9.6%.
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