US Stock Market Opens Higher After A Tumultuous Week – NPR

The New York Stock Exchange moments before the closing bell on Thursday, a day when the Dow Jones industrial average dropped 1,033 points. Spencer Platt/Getty Images hide caption

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Spencer Platt/Getty Images

Updated at 9:50 a.m. ET

A day after dropping more than 1,000 points, the Dow rebounded Friday morning along with other indexes. Analysts cited concerns about inflation and ballooning government debt for the earlier drops.

Early in Friday’s trading session, the Dow Jones industrial average was up more than 300 points, or 1.3 percent, the S&P 500 was up 35 points, or 1.4 percent, and the Nasdaq index was up 92 points, or 1.3 percent.

With Thursday’s 4 percent drop, the U.S. stock market had officially entered a correction, when major indexes are down at least 10 percent from their recent peaks.

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