Second dramatic day for global stocks ends on high note

A wild Christmas week ride in global markets continued on Thursday as stocks rallied from significant losses to post gains for the day. For the second consecutive session, early weakness in markets turned to strength by the time U.S. stocks closed as investors shuffled their portfolios. "We had a very wild ride today," said David Kelly, chief global strategist for JP Morgan Chase & Co's asset management unit, on a conference call.

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