DOW RISES 477 POINTS AS STOCKS REBOUND FROM WORST DAY SINCE MARCH

US stocks closed higher on Friday after a choppy trading session followed their worst single day sell-off since March, Carmen Reinicke reported for Markets Insider on June 12, 2020.

Thursday's slide was driven by fears that a second wave of coronavirus cases could devastate the US economy. It halted a recent equity rally fueled by investor confidence in reopening progress in the US. However, stocks tied to an economic reopening - including airlines, cruise operators, and retailers - gained Friday after leading declines on Thursday.

Carnival, United Airlines, and retailers such as Gap and Kohl's - rebounded on Friday after leading declines on Thursday. Later in the day, financial and real-estate sectors led the S&P 500 higher.

Here's where US indexes stood at the 4 p.m. ET market close on Friday: S & P 500- 3,041.31, up 1.3%; Dow Jones industrial average, 25,605.54, up 1.9% (477 points), and; Nasdaw composite, 9,588.81, up 1%.