Stocks Surge 2% Friday But Why Are They So Volatile Lately?

The Standard & Poor's 500 gained 2% on Friday, a big and much-welcomed surge after losses all week. The big gain was widely attributed to a jump in oil prices.

"A surge in oil prices helped put investors in a buying mood early on," the Associated Press reported Friday evening.

In late June 2015, oil prices started another swift descent, tumbling from $60 to less than $40 a barrel in six weeks. On August 24, 2015, the stock market experienced a "flash crash" and a long-awaited correction of about 11% occurred in a day. Since then, the stock market has declined as oil prices dipped lower.

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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