Wall Street’s worst market slump since 2007 is finally ending.
The S&P 500 closed down 0.8% at 3,939.17.
The Nasdaq Composite closed down 1.2% at 5,918.24.
That’s a big turnaround for stocks, which have lost nearly a third of their value since the beginning of the year.
On Thursday, the Dow Jones Industrial Average and Nasdaq both closed down about 1% and 0.4%, respectively.
The stock market is up about 7% in the past month.
That’s a good indicator that investors are confident about the economy’s prospects and that the Fed’s rate hike is still on track to boost stocks.
The Dow, for instance, is up 8.6% over the past year.
The Nasdaq is up 6.2%.
The Dow has more than doubled its value since mid-2016, from $30,000 to $2.3 billion.
The Dow has also been able to rally from lows reached last year when investors were nervous about the prospects for the U.S. economy.
The SEC has been investigating whether the SEC illegally traded shares during the presidential election.
The SEC and the Federal Trade Commission have been negotiating a settlement.
The Federal Reserve will meet at 3:30 p.m.
ET on Thursday.