Dow Jones, biggest single-day point gain ever

The worst Christmas Eve in stock-market history was more than offset Wednesday by the best day-after-Christmas trading day on record, with the Dow logging its first-ever 1,000-point, single-day gain as equities roared back from oversold conditions.

Equities closed early in an abbreviated session Monday and were closed Tuesday for Christmas Day.

How did benchmarks perform?

The Dow Jones Industrial Average DJIA, +4.98% ended with a gain of 1,086.25 points, or 5%, at 22,878.45. The S&P 500 SPX, +4.96%  soared 116.60 points, or 5%, to end at 2,467.70. The Nasdaq Composite COMP, +5.84%COMP, +5.84% rose leapt 361.44 points, or 5.8%, to 6,554.36.

On a percentage basis, all three major indexes saw the strongest one-day gains since March 23, 2009. It also marked the best ever day-after-Christmas performance for the gauges.

In a shortened Christmas Eve session Monday, the Dow Jones Industrial Average slid 653.17 points, or 2.9%, to 21,792.20, marking its lowest close since Sept. 7, 2017, while the S&P 500 index SPX, +4.96% fell 2.7% to 2,351.10, its lowest since April 21, 2017. The Nasdaq Composite Index COMP, +5.84%COMP, +5.84% tumbled 2.2% to 6,192.92, its lowest close since July 10, 2017.