S&P 500 jumps 1.8% as Wall Street closes a chaotic and historic week

Another manic day on Wall Street ended with a slight rise for the S&P 500 of 1.8%. Picture: Richard Drew/AP

US stocks jumped on Friday in another manic day on Wall Street, while the falling value of the US dollar and other swings in financial markets suggested fear is still high about escalations in President Donald Trump’s trade war with China.

The S&P 500 rallied 1.8%, after veering repeatedly between gains and losses, to cap a chaotic and historic week full of monstrous swings. The Dow Jones Industrial Average went from an early loss of nearly 340 points to a gain of 810 before settling at a rise of 619 points, or 1.6%, while the Nasdaq composite jumped 2.1%.