Stan Choe, Damian J. Troise, Alex Veiga, Associated Press Published 6:30 p.m. ET May 14, 2020
Jobless rate at 14.7%, highest since Depression AP Domestic
Wall Street rallied back from a sharp morning drop on Thursday, led by a resurgence for some of the year’s most beaten-down stocks.
The S&P 500 climbed 1.2% in another scattershot day of trading, with many stocks flipping from the bottom of the leaderboard to the top following a few sharp reversals in momentum. The zig-zag trading followed up on earlier losses for Asian and European stocks, while Treasury yields sank in a sign of increased pessimism.
It’s the latest wobble for Wall Street, which has